Pakistan’s long-running Gas Infrastructure Development Cess (GIDC) controversy has entered a fresh phase, with Rs453 billion still awaiting recovery from defaulters while another Rs295 billion reportedly remains unutilised. The issue has resurfaced as the government seeks to amend the GIDC law and expand the permissible use of funds collected under the levy. The proposed GIDC…
ISLAMABAD: Petrol and high-speed diesel prices have increased in Pakistan following the implementation of higher dealers’ margins, adding to the cost burden for consumers and businesses. According to a document issued by the Oil and Gas Regulatory Authority (OGRA), dealers’ margins on both petrol and high-speed diesel have been increased by Rs1.34 per litre. The…
The Pakistan petrol price has been reduced after the federal government announced a fresh revision in petroleum prices, offering modest relief to consumers and businesses across the country. According to a notification issued by the Petroleum Division, the price of petrol has been reduced by Rs4.08 per litre, bringing the new retail price to Rs331.95…
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 the prices of major petroleum products, including petrol, high-speed diesel (HSD), and kerosene oil. The revised prices came into effect immediately and, according to official notifications, will remain applicable for one day. The Oil and Gas Regulatory Authority (OGRA) issued the notification confirming the latest fuel…
The government has assured the public that the supply of petroleum products will remain uninterrupted despite ongoing negotiations with the Pakistan Petrol Pump Owners Association over fuel dealers’ profit margins and pricing concerns. According to sources in the Petroleum Division, the government remains committed to maintaining a transparent and fair petroleum pricing mechanism while engaging…
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…
The federal government has increased the prices of petroleum products after introducing a daily fuel pricing mechanism, replacing the previous weekly review system. According to a notification issued by the Petroleum Division, the revised prices took effect from midnight on Friday and will remain in force until Monday, July 20. Under the new rates, petrol…
The federal government has announced a significant increase in petroleum prices, raising the cost of petrol by Rs13.18 per litre and high-speed diesel (HSD) by Rs13.80 per litre amid renewed uncertainty in global oil markets. Following the latest revision, the price of petrol has increased to Rs310.71 per litre, while high-speed diesel will now cost…
per litre, providing partial relief to consumers following a decline in international oil prices. The revised fuel prices came into effect immediately and will remain applicable until July 10, 2026. According to the official notification, the ex-depot price of petrol has been reduced from Rs299.50 to Rs297.53 per litre, while the price of high-speed diesel…
