Global fuel prices have climbed sharply, with diesel and petrol becoming 10 to 12 percent more expensive due to a major hike in freight charges. Industry sources reveal that the shipping cost for oil tankers has increased by nearly 50%, driven by high demand and regional tensions affecting global supply chains. As of June 12, […]
Diesel
Pakistan introduces carbon levy on petroleum products
The government has announced a carbon levy of Rs. 2.5 per liter on petrol, diesel, and furnace oil in the new budget. Finance Minister Muhammad Aurangzeb presented this policy during the 2025-26 budget speech in the National Assembly. He explained that the levy aims to discourage fossil fuel usage and promote environment-friendly energy solutions. The […]
Petrol, diesel prices hiked massively in ‘national interest’
Prices for gasoline and diesel skyrocketed in ‘Ishaq Dar, the finance minister, announced on Tuesday that the price of gasoline in Pakistan has raised by Rs19.95 per litre to Rs272.95 for the upcoming bimonthly review. Dar stated that the action was taken in accordance with “national interests.” The announcement was scheduled on July 31, but […]
Filling stations no longer accepting credit/debit card for payments
Filling stations no longer accepting credit/debit card for payments: The majority of fuel stations nationwide have reportedly stopped accepting credit/debit card payment methods. Commercial banks charge a merchant discount rate (MDR) of 1.5 percent. The only payment method consumers are left with is cash payment for petrol and diesel purchase. A top official of oil […]
Mitsubishi says paid 25 million euro Dieselgate fine
Japanese automaker Mitsubishi Motors confirmed Monday it paid a 25 million euro fine issued by German prosecutors over emissions fraud allegations earlier this year. German authorities last year raided 10 sites as part of a probe into suspected diesel emissions cheating involving Mitsubishi cars, with prosecutors saying they had opened a fraud investigation. Mitsubishi Motors […]
Petrol, diesel prices go up by Rs 6 per litre
The federal government on Sunday increased the petroleum prices by up to Rs 6 per litre for the month of April in line with fluctuation in the global oil prices. In a summary moved to the Petroleum Division on March 29, the Oil and Gas Regulatory Authority (OGRA) had proposed that the price of high […]
Increase in oil prices expected
An increase up to 12.8% in oil prices is expected due to instability in global oil prices for April 2019. On Friday a summary was moved to the Petroleum Division in which the Oil and Gas Regulatory Authority (OGRA) planned that the price of petrol would be raised by Rs11.98 per litre and high speed […]
Petrol prices increased by Rs. 2.98 per litre
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Wednesday approved an increase in the price of petroleum products. Spokesperson to the Prime Minister Miftah Ismail, clarifying news relating to increase in the petroleum prices, said that the price for petrol has been increased by Rs. 2.98 per litre, whereas the price for High Speed Diesel (HSD) […]