The price of jet fuel has shot up to Rs291.55 after a massive increase of Rs40.35 per litre in Pakistan. Before this, jet fuel was being sold at Rs251.20 per litre. Meanwhile, the price of light-speed diesel (HSD) was also increased by Rs25.45 per litre. The new price of light diesel is fixed at Rs230.67 […]
diesel prices’
Govt raises petrol, diesel prices by over Rs 13 per litre
The government raised the price of petrol by Rs13.18 per litre and that of high-speed diesel (HSD) by Rs13.80 on Friday. Following the increase, the price of petrol stands at Rs310.71 per litre and HSD’s at Rs323.30. The Petroleum Division’s press release notifying the increase said the new prices would be effective from June 11. […]
OGRA documents expose key reasons behind Pakistan’s costly fuel prices
Official documents from the Ministry of Petroleum and the Oil and Gas Regulatory Authority (OGRA) have revealed that outdated refineries, heavy reliance on imported fuel, and high taxes remain the main reasons behind Pakistan’s expensive petrol and diesel prices. The findings show that import-related costs and government levies significantly increase retail fuel prices before they […]
Government raises carbon tax on petrol, diesel
The federal government has increased the carbon tax on petrol and diesel by Rs5 per litre, with the revised rate taking effect from midnight, according to an official notification. Under the new rates, the carbon tax on petrol and high-speed diesel has been increased from Rs2.5 to Rs5 per litre. The government has simultaneously reduced […]
Petrol, diesel prices may see major relief from June 20
ISLAMABAD: Consumers across Pakistan may receive significant relief as the federal government is considering a substantial reduction in petroleum prices from June 20 following a decline in global crude oil prices. According to sources, petroleum products could become considerably cheaper after international oil markets reacted positively to easing geopolitical tensions in the Middle East. The […]
Government revises petroleum levy on fuel products
The federal government has announced revisions to petroleum levy rates on various fuel products, adjusting charges on petrol and diesel while keeping dealers’ margins unchanged. According to an official notification, the petroleum levy on petrol has been reduced by Rs9.34 per litre. As a result, the levy on petrol has decreased from Rs116.08 per litre […]
Kerosene price climbs despite relief in petrol rates
Consumers using kerosene oil will face higher fuel costs after the latest price revision increased the commodity’s rate despite reductions in petrol and diesel prices. The revised pricing structure took effect immediately, creating a contrasting trend in the country’s fuel market. While motorists received some financial relief, households and sectors relying on kerosene will now […]
Petrol and diesel prices may drop after global oil decline
Petrol and diesel prices in Pakistan are expected to decrease in the upcoming pricing review after a noticeable decline in global oil markets raised hopes of relief for consumers. Market sources indicated that falling international petroleum rates could lower local fuel prices if the government avoids imposing additional levies or taxes during the next adjustment […]
Government cuts petrol, diesel prices by Rs5 per litre
The federal government has announced a reduction in petrol and diesel prices, offering temporary relief to consumers amid continued pressure from high fuel costs and inflation. According to a notification issued by the Petroleum Division, the prices of petrol and high-speed diesel have been reduced by Rs5 per litre each for the coming week. The […]
Report says petrol consumers pay Rs145 per litre in taxes
A new analysis based on official government data has revealed that Pakistani consumers are paying nearly Rs145 per litre in taxes and levies on petrol prices. According to a report by Dubai-based consultancy Mountain Ventures, which reviewed figures from the Oil and Gas Regulatory Authority and Pakistan’s Ministry of Energy, petrol buyers are currently paying […]