Planning Minister Ahsan Iqbal has ruled out an immediate reduction in Pakistan’s petroleum levy, saying the government may consider lowering the charges gradually in the next federal budget. His statement comes amid pressure from Jamaat-e-Islami (JI) to reduce taxes on petroleum products as international oil prices remain elevated. Iqbal said a committee had been formed…
Petroleum dealers across Pakistan have urged consumers to avoid panic buying amid concerns about a possible fuel shortage, saying excessive purchases could create artificial supply disruptions. The appeal comes as negotiations between the government and Jamaat-i-Islami (JI) over reducing the petroleum levy remain unresolved. Pakistan Petroleum Dealers Association (PPDA) Chairman Malik Khuda Baksh said fuel…
The price of kerosene oil in Pakistan has increased by Rs17.35 per litre, pushing its price to Rs324.35 per litre under the latest petroleum price revision. According to the revised rates, kerosene oil has risen from Rs307 to Rs324.35 per litre, increasing the cost for consumers and industries that rely on the petroleum product. The…
The federal government has increased the prices of petrol and high-speed diesel in Pakistan by more than Rs5 per litre, adding to the pressure on consumers and businesses following a series of fuel price increases. According to a notification issued by the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the prices under…
Federal Petroleum Minister Ali Pervaiz Malik has said that Pakistan’s transition to a daily petroleum pricing mechanism will improve transparency, eliminate opportunities for market manipulation, and establish a more competitive, consumer-friendly fuel pricing system. Speaking during a meeting with key stakeholders from the petroleum industry, the minister described the reform as a major step towards…
