Effective from today, June 7, 2023, until mid-month, the following petroleum prices are in effect in Pakistan:
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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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Petrol pumps may not accept cash for fuel purchase in Pakistan
Pakistan is contemplating a potential restriction on cash payments for fuel purchases at petrol pumps as part of an effort to promote digitalization and curb financial irregularities.
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Pakistan Updates Petroleum Prices Ahead of Federal Budget 2023-24
Islamabad, Pakistan – Pakistan has announced updated petroleum prices ahead of the highly anticipated federal budget for the fiscal year 2023-24, scheduled to be announced on June 9, 2023.
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Petroleum Prices Surge by 45%, Driving Inflation in Pakistan
Karachi, June 2, 2023 – Petroleum prices in Pakistan have experienced a significant increase of 45% on a year-on-year basis, contributing to a rise in inflation, according to official statistics released on Friday by the Pakistan Bureau of Statistics (PBS).
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Pakistan Oil Sales Plunge by 40% in May 2023, Market Outlook Remains Depressed
Karachi, June 2, 2023 – Pakistan’s oil sales in May 2023 witnessed a significant decline of 40% compared to the same period last year, amounting to 1.3 million tons.
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Today petroleum prices in Pakistan as of June 2, 2023
In a recent development, Pakistan has released the updated petroleum prices, which will be applicable from June 2, 2023, until June 15, 2023. The revised prices are as follows: Petrol at Rs262 per liter, High-Speed Diesel at Rs253 per liter, Kerosene at Rs164.07 per liter, and Light Diesel Oil at Rs147.68 per liter.
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Pakistan Slashes Petroleum Prices for First Half of June 2023
Pakistan has announced a significant reduction in petroleum prices for the first half of June 2023. The decision was made by Finance Minister Muhammad Ishaq Dar and will come into effect on June 1 and remain in place until June 15.
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Tax Reform Commission Recommends Measures to Counter Petroleum Smuggling
The Reform and Revenue Mobilization Commission (RRMC) has proposed the implementation of a marking and monitoring system in the petroleum sector to combat the rampant smuggling of petroleum products in Pakistan.
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Petroleum prices may fall sharply in Pakistan for first fortnight of June 2023
Pakistan is poised to announce a significant reduction in petroleum prices for the first fortnight of June 2023. This anticipated decline is in response to the imminent arrival of Russian oil, which holds the promise of substantial cost savings compared to prevailing international market prices.
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Pakistan set to unveil new petroleum prices on May 31, 2023
Pakistan is set to make a significant announcement regarding new petroleum prices on May 31, 2023. These prices will be applicable for the first half of June 2023. The decision to unveil the prices comes in light of the imminent arrival of Russian oil, which holds the promise of offering substantial cost savings compared to the prices prevailing in the international market. Industry experts are eagerly anticipating a noteworthy reduction in petroleum prices during the initial fortnight of June 2023.
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