Pakistan has recently announced its latest petroleum prices, effective from June 23, 2023. These prices will remain in effect until June 30, 2023, unless revised earlier.
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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.
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Call to International Financial Institutions: Cease Fossil Fuel Funding in Pakistan
Karachi, June 22, 2023 – At the launch of the “Energy Finance Outlook – A Case of Pakistan” study, speakers from diverse backgrounds have called upon international financial institutions to halt fossil fuel funding in Pakistan and redirect their investments towards renewable energy projects.
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ECC Approves Surcharge Recovery from K-Electric Consumers
ECC greenlights recovery of Rs.1.52/unit surcharge and addresses key financial matters
Islamabad, June 21, 2023 – The Economic Coordination Committee (ECC) of the Cabinet, chaired by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, met on Wednesday to discuss and approve important financial decisions. Among the significant outcomes, the ECC gave its nod to the recovery of a surcharge from K-Electric consumers.
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Pakistan Petroleum Prices Updated for June 2023
The government of Pakistan has updated petroleum prices for June 2023. The new prices will remain in effect until the end of the month.
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OCAC Rejects Proposed Guidelines for Import of Petroleum Products
Karachi, June 19, 2023: The Oil Companies Advisory Council (OCAC) has expressed its opposition to the proposed guidelines for the import of petroleum products on a foreign supplier’s account through Customs Bonded Storage Facilities.
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Petroleum Prices in Pakistan from June 19, 2023
Islamabad, June 19, 2023: Effective immediately, the Pakistani government has announced the petroleum prices applicable in Pakistan for the remainder of the month.
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Pakistan Slashes Petroleum Subsidy by 47% for FY24, Impacting Business and Industry
Islamabad, June 18, 2023: Pakistan has taken significant measures to reduce its petroleum subsidy by 47 percent for the upcoming fiscal year 2023-24, according to official budget documents released recently.
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Petroleum Prices in Pakistan Today on June 17, 2023
Effective immediately, starting from June 17, 2023, until the end of the month, the following petroleum prices will be applicable in Pakistan:
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Pakistan’s Petroleum Import Bill Plunges by 22%
Islamabad, June 16, 2023 – The import bill for Pakistan’s petroleum group has experienced a significant decline of 22% due to falling international oil prices and reduced domestic demand.
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Pakistan Expected to Raise Petrol Prices from July 2023 to Boost Revenue
Pakistan is expected to implement a petrol price hike starting from July 2023, during the fiscal year 2023/2024. The decision stems from the government’s ambitious goal of collecting approximately Rs870 billion in petroleum levies to enhance revenue generation, as outlined in budget documents.
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