Islamabad, August 31, 2023: Pakistan has made an announcement on Thursday regarding a substantial increase in petroleum prices, set to take effect from September 1, 2023. In its bi-weekly review, the government has adjusted the petrol rate to Rs 305.36 per liter and raised the diesel price to Rs 313.84 per liter.
(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.
-
Pakistan Announces Petroleum Prices for First Half of September 2023
On August 31, 2023, Pakistan is scheduled to announce petroleum prices for first half of September 2023. The anticipated price hike, set to take effect from September 1, 2023, is a direct response to the alarming depreciation of the Pakistani Rupee (PKR) against the US dollar.
(more…) -
Chinese Company Warns to Stop Work at Thar Coal Mines Over Non-Payment
Karachi, August 30, 2023 – The China Machinery Engineering Corporation (CMEC) has issued a stern warning, indicating its intention to halt work at the Thar coal mines if outstanding payments are not cleared by September 10, 2023.
(more…) -
Petroleum Levy Soars to Record High Under PDM Government, Amidst Economic Challenges
In a recent revelation by Pakistan’s Ministry of Finance, the previous government, led by the Pakistan Democratic Movement (PDM), which comprised several prominent political parties, has left the nation grappling with a staggering burden of Rs 452 billion due to the imposition of a petroleum levy during the fiscal year 2022-23. This unprecedented financial load has raised concerns among citizens and policymakers alike.
(more…) -
Petroleum Prices in Pakistan – Petrol and Diesel rates on August 30
Islamabad, August 30, 2023 – Pakistan has announced new prices for petroleum products, effective from August 30, 2023, which have witnessed a significant increase.
(more…) -
Pakistan Poised for Possible Petroleum Price Hike Amid Rupee Depreciation
Karachi, August 28, 2023 – Pakistan is expected to announce an increase in petroleum prices for the first half of September 2023 during its scheduled announcement on August 31.
(more…) -
Pakistan Unveils New Withholding Tax Rates on Electricity Bills
Karachi, August 27, 2023 – In a bid to streamline its tax system and encourage responsible energy consumption, the Federal Board of Revenue (FBR) of Pakistan has unveiled revised withholding tax rates on electricity bills for the fiscal year 2023-24.
(more…) -
Inevitable Petroleum Price Hike Looms for Pakistan in Early September 2023
Karachi, August 26, 2023 – Pakistan is on the brink of implementing a second round of price increases for petroleum products in the first half of September 2023.
(more…) -
Mari Petroleum Secures Exploration License in Chagai, Balochistan
Karachi, August 25, 2023 – Mari Petroleum Company Limited, a key player in Pakistan’s energy sector, announced on Friday that it has successfully acquired an exploration license from the Balochistan government.
(more…) -
Petroleum Prices in Pakistan – Prevailing Rates of Petrol and Diesel from August 24, 2023
Pakistan has officially revealed its latest petroleum prices, delivering a shock to the nation as prices soar to unprecedented levels. Effective Thursday, August 24, 2023, these prices are set to remain unchanged until the end of the month unless any adjustments are made prior to that date.
(more…)