The federal government has announced a substantial reduction in the prices of petrol and high-speed diesel, offering significant relief to consumers, transporters, and businesses across Pakistan. According to a notification issued by the Petroleum Division, the price of petrol has been reduced by Rs74.28 per litre, bringing the new price to Rs299.50 per litre. Meanwhile,…
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 heated debate erupted in the National Assembly of Pakistan over the recent increase in fuel prices, highlighting growing concerns about inflation and economic pressure on citizens. Opposition members strongly criticised the government, arguing that rising petrol and diesel prices have significantly increased the cost of living. They pointed out that inflation is already high,…
Former prime minister Shahid Khaqan Abbasi has called for a major shift in Pakistan’s fuel pricing system, urging the government to deregulate petrol prices and allow market forces to determine rates. Speaking at a press conference in Islamabad, Abbasi criticised inconsistent economic policies and said administrative control over fuel prices was not sustainable. He stressed…
The Government of Pakistan has managed to limit the increase in petrol and diesel prices despite rising pressure from global oil markets. Officials revealed that the decision required careful planning and coordination as international petroleum prices continue to surge due to geopolitical tensions. According to Pakistan’s defense minister, authorities had been working for several weeks…
