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Browsing Tag
Petrol Price
As the world grapples with the ever-fluctuating dynamics of the global oil market, Pakistan finds itself on the precipice of yet another petrol price hike. With the country already reeling from the historic…
Petroleum Product Demand Surges by 4%
In August 2023, Pakistan experienced a significant upswing in the demand for petroleum products, witnessing a 4% increase, which brought the total to 1.41 million tonnes. This surge in demand can be attributed…
Petrol Price in Pakistan Hiked – Reached Record High
In a sudden move, the caretaker government has unleashed a hefty blow to the wallets of Pakistani motorists. As the clock struck midnight on Tuesday, a substantial increase of nearly Rs. 17.50 in petrol price…
Pakistan Braces For Another Petrol Price Hike in 1 Month
In an unwelcome development, Pakistan braces itself for another potential petrol price hike twice in the same month. The looming increase, attributed to the rising global petroleum market, could hit wallets…
Petroleum Sales Plunge By 46% As Inflation Bites
A Sharp increase in the inflation rate has also affected already dwindling petroleum sales in Pakistan. Reports have informed that year-on-year (YoY) sales of petroleum products decline by 46% to 1.71 million…
Smuggled Iranian Diesel – Pakistan Losing Billions Per Month
The steep decline in Rupee’s value was not enough that now smuggling of Iranian diesel is making up for the already-mounting economic deficit in Pakistan, replacing 40% of the consumption of domestic diesel.…
Petrol Price Hiked Again For The Next Fortnight
The news of another increase in petrol prices has reached Pakistan, sparking widespread concern among the general populace. Finance Minister Ishaq Dar announced a Rs. 10 per liter hike in petrol prices for the…
Govt Gives Petrol Subsidy of Rs. 50/L
The government of Pakistan has announced to provide a petrol subsidy of Rs. 50/L for low-income people having motorcycles, rickshaws, and cars of up to 800cc.
On Sunday, Prime Minister Shehbaz Sharif…
Petrol Is Now Cheaper Than Before
In shockingly unexpected news, petrol price has fallen down. Earlier in the day, OGRA had suggested a price increase for all petroleum products, but the government seems to have paid no heed to that advice.…
Petrol Price Hike Of Rs. 35 per Liter
On Sunday, Finance Minister Ishaq Dar announced a petrol price hike of Rs. 35 per liter due to the extreme devaluation of the Pakistani rupee against the US dollar.
In his announcement regarding the petrol…
Petrol Price Hike Of Rs. 83.5 – Proposes OGRA
OGRA has proposed a petrol price hike of Rs. 83.5. The news came right after the dollar went up to Rs. 266.
According to Arif Habib Limited, Pakistan’s largest securities brokerage and investment banking firm,…
Petrol Price May Reduced By Rs. 0.80: Miftah Ismail
Today is September 19, and inflation-stricken masses have been waiting for the drop in Petrol prices for the last four days – a relief the incumbent government promised.
Earlier, media reports speculated…
Are Fuel Prices in Pakistan Going Down?
Is another relief in fuel prices in Pakistan around the corner? A little birdie told us some good news, and we can’t wait to share it with you!
Petrol prices have been a sensitive topic in the country for…
IMF Deal – Government Doubles Petrol Levy
As all of you know, the government announced revised prices of petroleum goods yesterday. In a somewhat surprising move, the authorities reduced the petrol price by Rs. 3; however, the diesel rate was hiked by…
Government Reduces Petrol Price by Rs. 3/L
After the relief of decreasing petrol prices, the federal government has once again decreased the petrol prices further. As per the new notice, price of petrol and diesel has been reduced by Rs. 3 per liter. On…
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