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Browsing Tag
Petroleum Products
In modern economies, energy-dependent nations usually bear the brunt of the ebbs and flows observed in the prices of petroleum products in the international market. In case of an economic meltdown, the…
IMF Proposes 18% GST On Petrol Prices
Attention Pakistan! You might face another round of petrol price hikes, potentially pushing fuel costs to new highs. This echoes the situation in 2023, when petrol prices reached a historic peak of Rs. 331.38…
Petroleum Sales Dropped to Lowest In 44 Months
Uneven surge in the prices of petroleum products in last few months has not only bred the fresh wave of hyperinflation in the country but also eroded sale volumes. The demand of petrol and diesel is marking a…
Petrol Price May Decrease by Rs11: Sources
According to sources, the federal government may decrease the petrol price by Rs11 per litre from December 16th. According to media reports, the price of Diesel may go down by Rs9 per litre. The sources stated…
OGRA forwards summary to change the prices of petroleum products
Oil and Gas Regulatory Authority has forwarded a summary to the petroleum division to revise the petroleum products prices for the coming month of December 2018, reports a local media outlet.
As per the…
SC seeks explanation on increase in the sales tax on POL products
Supreme Court of Pakistan has ordered the government and all the concerned departments to provide a detailed report on taxes imposed on petroleum products, and to compare the taxes with domestic and global…
Here are the new petroleum prices effective from March 2018
The government has increased the prices of petroleum products in the country. The updated price list along with the previous tariff and price difference is as follows.
Product
New Prices - Rs/litre…
OGRA proposes to jack up the prices of petroleum products
For consecutive two times this year on the recommendation of Oil and Gas Regulatory Authority (OGRA) the government raised the prices of petroleum products and other lubricants. Now again OGRA has forwarded a…
Petroleum Products Prices to be Decreased for October 2016
Federal Government has decided to reduce the prices of Petroleum products by 3 rupees. This decision to act on the advice submitted by the Oil and Gas Regulatory Authority (OGRA) was taken in the Cabinet…
Around 5 lac ton of Petrol was Imported to Pakistan in July 2016
The scarcity of compressed natural gas around the country and cheaper fuel have led to a record number of petroleum import numbers recently. Around five lac ton of petrol was imported in the country in the…
Petroleum Prices Likely To Increase By Rs4.5 Per Liter From July 2016
After observing the increase in petroleum price in international market, Oil and Gas Regulatory Authority (OGRA) has once again proposed an increase in the petroleum prices in Pakistan. According to the news…
Pakistan Saved Rs345.4bn On Imports Of Petroleum Products In 9MFY2016
On Thursday, Finance Minister Ishaq Dar disclosed Economic Survey revealing that Pakistan set aside US $3.3bn (approximately PKR 345.42 billion) in terms of import bill in first nine months of FY2016 due to…
Taxes On Petroleum Products Are Pakistan Government’s Lifeline, Expecting Major Cuts Is…
Last month the Government of Pakistan dropped the prices of petroleum products by Rs5. New prices were enforced from today, the 1st of February 2016. People were expecting a slash of as much as Rs13, but…
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