fuel prices in pakistan

Are the petrol prices in Pakistan going to observe another steep hike in the coming days or weeks? Well, apparently, it seems possible. According to media reports, during the ongoing talks for the new…

The fuel prices in Pakistan in 2023 reached a record-high level for several reasons, including PKR depreciation against the USD, the high rate of oil in the international market, the Ukraine-Russia conflict,…

In a not-so-surprising decision, the federal government has increased fuel prices in Pakistan up to Rs. 13/liter. Sharing the reason for this fresh hike, the finance division said in a notification that in the…

To meet a revenue shortfall, the federal government has decided to increase the petroleum development levy (PDL), commonly known as the petrol levy, on diesel in the coming two months. This will result in an…

The fuel prices have always been important in Pakistan, however,  they are critically vital for last few months. The country is facing tough economic conditions amid rapid devaluation of PKR against the US…

The Federal Board of Revenue (FBR) had issued SRO.175 (I)/2015 on 27th February 2015 to change the rate of sales tax on petroleum products to minimize the increase in petroleum prices. The FBR has decreased the…