Former Prime Minister and Awaam Pakistan President Shahid Khaqan Abbasi on Saturday urged the government to deregulate petroleum prices and accelerate electric vehicle (EV) adoption. Abbasi said rising global oil prices, triggered by the US-Israel war on Iran, have pushed fuel prices in Pakistan to record highs, affecting millions of consumers and the overall economy. […]
Pakistan petrol prices
Petrol price hike in Pakistan: Why comparing only fuel prices is misleading
Islamabad – Pakistan has witnessed consecutive increases in petrol and diesel prices, pushing rates to historic highs. As of October 1, 2021, petrol is priced at Rs 127.30 per litre, high-speed diesel at Rs 122.04, and kerosene at Rs 99.31 per litre. Read More: Pakistan’s fuel prices increase compared to March 2022 The government, citing global crude […]
PM Shehbaz urges public to support austerity, avoid unnecessary travel
Prime Minister Shehbaz Sharif on Sunday urged citizens to avoid unnecessary travel and actively support the government’s austerity drive amid rising tensions in the Middle East following the US-Israel conflict with Iran. Chairing a review meeting on fuel conservation via video link, the premier said Pakistan has sufficient petroleum stocks due to timely government planning, […]
Petrol prices to be announced Friday, says minister
The Federal Government of Pakistan will announce adjustments to petroleum product prices on Friday. Petroleum Minister Ali Parvez Malik said the new rates will be based on average global petroleum prices. It is currently unclear whether petrol prices will rise or fall. Finance Minister Mohammad Aurangzeb stated that global petroleum prices are increasing due to […]
Pakistan monitoring petrol prices amid tensions
Pakistan’s Petroleum Minister Ali Pervaiz Malik said global petroleum prices have declined after remarks by Donald Trump. However, he suggested petrol prices in Pakistan may not change significantly due to current conditions. The statement comes as the government faces pressure over rising fuel costs. Speaking on a television program, Malik said the government had to […]