fuel prices

These days, petroleum prices are going through the roof. The government is playing rough with the prices and people’s emotions. But, then again, the same thing is happening everywhere around the world. Anyway,…

Mian Misbah-ur-Rehman, Federal Minister for Commerce and Industries, has argued in favour of the price hike of petroleum products and defended the government’s stance on increasing the price. Both the…

RON or Research Octane Number is a standard used to assess the performance of a fuel inside an engine. Higher the RON better is the combustibility of fuel. Petrol currently sold in our market is rated at 87…

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…

ISLAMABAD: The government has increased the sales tax rate on petroleum products by 5%, making it 22% from 17% previously, despite clear orders from Supreme Court against it. The decision was made on Tuesday…

Recent drop in oil prices has really overwhelmed me along with the entire nation as a shot of adrenalin to motorists. Different people have different hypotheses to explain the rationale for oil prices drop.…

It is said that gas prices and improving economy are inversely proportional to each other. As the United States economy is improving, gas prices are declining. Statistics shows that pick-up truck sales in US…

Oil and gas regulatory authority is busy working on an initial report to increase the fuel prices by 15 % from March 1. Although the international crude oil prices have reached a new two and a half year…