The Government of Pakistan has announced a fresh reduction in petrol prices, providing much-needed relief to consumers across the country. According to a notification issued by the Ministry of Energy’s Petroleum Division, the price of petrol has been reduced by Rs4 per litre for the next fortnight. Following this adjustment, the new petrol price stands…
Pakistan’s Petroleum Division has proposed major relief measures for fuel consumers in its recommendations for the federal budget 2026-27, including reducing the petroleum levy target to Rs1 trillion and lowering the levy on petrol and diesel to Rs50 per litre while international oil prices remain high. According to reports, the recommendations have been submitted to…
Pakistan is facing renewed inflationary pressure as global crude oil prices surge following escalating tensions in the Middle East. The recent collapse of negotiations between the United States and Iran has disrupted market stability, pushing oil prices above $100 per barrel and raising concerns for import-dependent economies like Pakistan. The sharp increase in crude oil…
A proposal for a nationwide smart lockdown in Pakistan has been rejected by provincial governments during a high-level meeting chaired by Asif Ali Zardari in Islamabad. According to sources, the meeting explored the possibility of implementing targeted lockdowns across the country. However, provinces opposed enforcing a countrywide restriction, emphasizing the need for localized measures instead…
Rising oil prices are expected to increase inflation in Pakistan, creating new economic challenges for the country. According to the Ministry of Finance Pakistan, global oil price hikes may put significant pressure on the national economy. The increase in fuel prices directly impacts transportation, electricity, and production costs. As these expenses rise, the prices of…
