Petroleum Minister Ali Pervaiz Malik on Saturday held consultations with industry stakeholders on the government’s proposed daily petroleum pricing mechanism. The reform aims to deregulate the fuel sector, improve transparency, and make retail prices more responsive to market conditions. Officials said the new system is part of a broader shift toward a market-based pricing regime. […]
Pakistan fuel prices
Pakistan records highest-ever fuel prices
Islamabad: Consumers in Pakistan paid the highest petrol and diesel prices in the country’s history during fiscal year 2025-26. The year also imposed a record petroleum levy burden on motorists, increasing transportation and living costs. The sharp fuel prices affected households, businesses, and the wider economy. According to official data, the fiscal year ending on […]
Government, oil industry clash over fuel prices
A major dispute has emerged between the government and Pakistan’s oil industry over the recent reduction in fuel prices. Oil companies claim the price cut was based on incorrect calculations by the regulator. The disagreement could affect fuel pricing, industry finances, and future petroleum reviews. Oil Marketing Companies and refineries have accused the Oil and […]
Government forms fuel pricing committee
The government has formed a high-level committee to develop a weekly petroleum pricing formula. The move aims to pass global oil price reductions to consumers more quickly. The decision could affect millions of Pakistanis through changes in fuel costs and transportation expenses. Petroleum Minister Ali Pervaiz Malik announced the development in an official statement. He […]
Pakistan raises petroleum prices above Rs400 per litre
Pakistan has announced a sharp increase in petroleum prices, pushing both petrol and high-speed diesel above Rs400 per litre for the first time, triggering concerns over inflation and rising transport costs across the country. According to an official notification issued by the government, petrol prices were increased by Rs14.92 per litre, while diesel saw an […]
Govt raises petrol by Rs6.51 per litre, diesel prices by Rs19.39 per litre from May 1
ISLAMABAD: The federal government has increased the prices of petrol and high-speed diesel (HSD), with the revised rates taking effect from May 1, 2026, according to a notification issued by the Petroleum Division. Read More: Petrol, diesel get costlier by nearly Rs 27 per litre Under the latest revision, petrol prices have been raised by Rs6.51 per […]
Pakistan raises petrol and diesel prices amid global oil pressure
The Government of Pakistan has announced a significant increase in fuel prices, raising both petrol and diesel rates in response to ongoing volatility in international oil markets. Read More: Government Hikes Petrol and Diesel Prices by 26 Rupees According to an official notification issued by the Petroleum Division, the price of petrol has been increased by Rs26.77 per litre, […]
Pakistan reduces diesel, jet fuel rates
Pakistan has reduced the prices of light diesel and jet fuel following a decline in global petroleum rates. The move provides relief to transport, aviation, and industrial sectors. It also reflects the impact of international oil market trends on domestic pricing. According to official details, light diesel prices were cut by Rs70.04 per litre. The […]
Pakistan cuts diesel price by Rs 32.12 per liter after Hormuz reopening
The government of Pakistan has announced a significant reduction in diesel price, lowering the rate by Rs 32.12 per litre following improved global oil supply conditions after the reopening of the Strait of Hormuz. Read More: Govt slashes petrol price by Rs 12 per litre, diesel by Rs 135 According to official figures, the price of diesel has dropped […]
Cabinet Committee Strengthens Market Oversight Following Price Adjustment; Reviews Supply, Monitoring Systems, and Stocks Availability
The Cabinet Committee to Monitor Petrol Prices met today under the chairmanship of the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, to review the petroleum supply situation and market conditions following the recent price adjustment. The meeting focused on ensuring supply continuity, maintaining market discipline, and strengthening monitoring mechanisms across the supply chain. […]