The Petroleum Division has issued a notification confirming that the petroleum levy on petrol, diesel and kerosene oil will remain unchanged, even as the government has increased fuel prices under its latest pricing review. Read More: JI chief announces countrywide protests against petroleum levy on Friday According to the notification, the petroleum levy on petrol has […]
Petrol prices
Petroleum prices likely to rise in next review
Petroleum prices in Pakistan are expected to increase significantly in the upcoming fortnightly review, with high-speed diesel (HSD) likely to become up to Rs40 per litre more expensive and petrol projected to rise by around Rs10 per litre. Read More: Petrol, diesel prices rise by Rs13 The anticipated increase is linked to higher international crude oil prices […]
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 […]
Jet fuel cut raises hopes for cheaper air travel
The government has reduced jet fuel prices by Rs56.97 per litre, extending a broader trend of declining petroleum costs and creating expectations of lower airfares for domestic and international passengers. The latest reduction lowers the price of jet fuel to Rs238.87 per litre, offering potential cost relief to airlines operating across the country. The move […]
PM Shehbaz signals major cut in petroleum prices amid global oil decline
ISLAMABAD: Prime Minister Shehbaz Sharif has announced that a “significant” reduction in petroleum prices will be unveiled later in the day, citing a sharp fall in global crude oil rates following recent geopolitical developments and a US-Iran understanding. Addressing the National Assembly, the prime minister said the government would pass on the benefit of lower […]
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 […]
Hafiz Naeem criticises PPP, calls for fuel price cap
Jamaat-e-Islami Pakistan Emir Hafiz Naeem ur Rehman has criticised the Pakistan Peoples Party (PPP) and Muttahida Qaumi Movement-Pakistan (MQM-P), while urging the government to provide greater economic relief by significantly reducing petroleum prices and introducing long-term fuel price stability. Read More: Mayor inaugurates Rs 154 million uplift projects in District East Speaking at a press […]
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 […]
Iran war drives sharpest petrol demand fall in years
Fuel consumption in the United Kingdom has recorded its steepest decline in six years as rising energy prices linked to the US-Iran conflict continue to pressure households. Motorists have reduced travel and fuel usage as costs surge across transport and essential goods markets. According to official data released on May 22, petrol and diesel sales […]