The federal government has increased the price of petrol by Rs3.26 per litre for October 2, while reducing the price of high-speed diesel (HSD) by Rs1.01 per litre under Pakistan’s daily petroleum pricing mechanism. Following the latest adjustment, the price of petrol has reached Rs390.66 per litre, while high-speed diesel is now priced at Rs399.34…
The federal government has reduced the prices of petrol and high-speed diesel (HSD) for September 30, providing some relief to motorists amid continued changes in domestic and international fuel markets. According to a notification issued by the Petroleum Division on Tuesday, the price of petrol has been reduced by Rs1.49 per litre, bringing the new…
Pakistan has increased the prices of petrol and high-speed diesel (HSD), with petrol now selling at Rs391.22 per litre and diesel reaching Rs421.45 per litre. The latest revision has increased the petrol price by Rs6.88 per litre, while the price of high-speed diesel has gone up by Rs5.62 per litre. The increase comes shortly after…
Pakistan’s current account deficit narrowed significantly to $98 million in August, providing some relief to the country’s external account despite continued pressure from higher oil prices and a widening trade deficit. According to data released by the State Bank of Pakistan (SBP), the current account deficit stood at $98 million in August, compared with $342…
Global oil prices climbed for a fourth consecutive session on Wednesday, with Brent crude moving closer to the key $100 per barrel mark as renewed fighting in the Middle East heightened concerns over potential disruptions to global crude supplies. Brent crude futures rose 1.4% to $99.33 a barrel, while US West Texas Intermediate crude gained…
Global crude oil prices edged lower on Thursday as investors assessed the risk of renewed military confrontation between the United States and Iran and its potential impact on oil supplies from the Middle East. Brent crude futures declined by 43 cents, or 0.45%, to $95.20 per barrel, while US West Texas Intermediate (WTI) crude fell…
KARACHI: The Pakistan Stock Exchange (PSX) came under renewed selling pressure on Monday as escalating US-Iran tensions unsettled investors, sending the benchmark KSE-100 Index down more than 400 points during early trading. At around 9:40am, the KSE-100 Index stood at 177,242.03 points, down 454.47 points, or 0.26%, from the previous close. Selling pressure was visible…
The federal government has announced a slight reduction in the prices of petrol and high-speed diesel (HSD) for the next fortnight, offering modest relief to consumers across Pakistan. According to a notification issued by the Petroleum Division, the price of high-speed diesel has been reduced by Rs0.66 per litre, bringing the new retail price down…
The federal government has announced a fresh increase in petrol and high-speed diesel (HSD) prices, with the revised fuel rates taking effect immediately across Pakistan. According to a notification issued by the Ministry of Energy, the price of petrol has been increased by Rs1.09 per litre, raising the new rate from Rs335.06 to Rs336.15 per…
Global oil prices edged lower on Friday as increased crude oil shipments through the Strait of Hormuz eased fears of supply disruptions, despite ongoing geopolitical tensions in the Middle East and uncertainty surrounding diplomatic efforts between the United States and Iran. Brent crude futures fell $1.03 (1.2%) to $88 per barrel, while US West Texas…
