Karachi, June 29, 2024 – Pakistan has approved an increase in the petroleum levy to Rs 70 per liter on the price of petroleum products for the fiscal year 2024-25.
(more…)Category: Energy
You can go through stories related to energy. The stories are about changes in petroleum prices and updates on energy sector of Pakistan and world.
-
CPEC Hydropower Project Begins Wet Testing in Pakistan
The first unit of the China-built Suki Kinari Hydropower project in northwest Pakistan has commenced wet testing, marking a significant milestone under the China-Pakistan Economic Corridor (CPEC).
(more…) -
Pakistan Eyes Over 33% Jump in FY25 Petroleum Levy Collection
Islamabad, June 16, 2024 – Pakistan is bracing for a significant rise in its petroleum levy collection in the upcoming fiscal year, with projections exceeding 33% growth.
(more…) -
Pakistan Notifies Petroleum Prices for Second Half of June 2024
Islamabad, June 15, 2024 – The Government of Pakistan has announced new petroleum prices for the second half of June 2024. According to a statement released by the Finance Division, the prices of petroleum products have experienced mixed trends in the international market over the last fortnight.
(more…) -
PM Shehbaz Announces Petrol Price Cut by Rs 10.20 per Liter
Islamabad, June 14, 2024 – Prime Minister Shehbaz Sharif announced a reduction in petrol prices by Rs 10.20 per liter for the remaining days of June 2024. In addition to this, the price of high-speed diesel (HSD) will also be cut by Rs 2.33 per liter.
(more…) -
Pakistan May Slash Petroleum Prices from June 16
Pakistan is likely to slash prices of petroleum products from June 16, 2024, in its forthcoming fortnightly review scheduled for Saturday, June 15, 2024.
(more…) -
Petroleum Levy Enhanced to Rs 80 per Liter in 2024-25 Budget
PkRevenue.com – The government on Wednesday unveiled the budget for the fiscal year 2024-25, introducing an enhanced petroleum levy. The maximum rate of this levy has been increased to Rs 80 per liter on various petroleum products.
(more…) -
Pakistan Grants Rs 1.4 Trillion Tax Exemption on Petroleum Sales
PkRevenue.com — In a significant fiscal move aimed at alleviating inflationary pressures on its citizens, Pakistan has granted a sales tax exemption totaling Rs 1.4 trillion on petroleum products for the fiscal year 2023-24, as revealed by official documents on Wednesday.
(more…) -
World Bank Pours $1 Billion into Pakistan’s Hydropower Project
To bolster Pakistan’s energy sector, the Executive Directors of the World Bank on Tuesday approved an additional $1 billion financing for the Dasu Hydropower Stage I (DHP I) Project.
(more…) -
Latest Petroleum Prices in Pakistan as of June 10, 2024
PkRevenue.com — The Government of Pakistan has updated petroleum prices effective from today, June 10, 2024, which will remain applicable until June 15, 2024.
(more…)