May 16

Govt. decides to continue subsidy on petroleum prices

ISLAMABAD: The coalition government led by PML-N has decided to continue the subsidy on prices of petroleum products in order to prevent people from high prices. Finance Minister Miftah Ismail on Sunday May 15, 2022 announced to maintain the prices of petroleum products at the same level, which were announced by the previous PTI government. […]

by Anjum Shah

Petrol price reduces to Rs140.82 per liter

Dec 15

Energy, National, Top stories

Petrol price reduces to Rs140.82 per liter

ISLAMABAD: The government on Wednesday decided to reduce the prices of petroleum products for next fortnight considering the fall in international oil prices. The government has not passed on the all the benefit of fall in international oil prices as it enhanced sales tax rates. However, the government kept the petroleum levy unchanged. The prices […]

by Faisal Shah

Domestic oil sales surge by 18% in 5MFY22

Dec 1

Energy

Domestic oil sales surge by 18% in 5MFY22

KARACHI: The domestic oil sales have surged by 18 per cent to 9.6 million tons during first five months (July – November) of fiscal year 2021-2022 – 5MFY22 as compared with 8.16 million tons in the corresponding months of the last fiscal year. Analysts at Arif Habib Limited said that double digit growth was witnessed […]

by Faisal Shah

Petrol price increases to record high at Rs127.30/liter

Sep 30

Energy, National

Petrol price increases to record high at Rs127.30/liter

ISLAMABAD: The government on Thursday announced to increase per liter petrol price by Rs4 to Rs127.30, which is a record high price in the history of the country. Besides, the government also decided to increase prices of other petroleum products that will be effective from October 01, 2021. The price of high-speed diesel has been […]

by Anjum Shah

Petrol price increased to all-time high at Rs123.30/liter

Sep 15

Energy, National

Petrol price increased to all-time high at Rs123.30/liter

ISLAMABAD: The price of motor spirit (petrol) has been increased to all-time high at Rs123.30 per liter and will take effect from September 16, 2021. The Finance Division on Wednesday issued the rates of petroleum products for the next fortnight. The government has increased the prices of all petroleum products for the next 15 days. […]

by Anjum Shah

Petroleum prices kept unchanged for next fortnight

May 17

Energy

Petroleum prices kept unchanged for next fortnight

ISLAMABAD: The government on Monday decided to keep the prices unchanged during next fortnight while absorbing a tax loss of Rs2.77 billion. A statement said that the prime minister had decided to keep rates of petroleum products unchanged to give relief to common man. Following the rate announcement tax loss would be around Rs2.77 billion: […]

by admin

Domestic oil sales fall by 14% on economic slowdown

Mar 3

Energy

Domestic oil sales fall by 14% on economic slowdown

KARACHI: The domestic oil sales have declined by 14 percent during July – February 2019/2020 due to economic slowdown. According to statistics by Oil Companies Advisory Committee (OCAC), the domestic oil sales fell to 11.24 million tons during first eight months of current fiscal year as compared with 13.1 million tons in the corresponding period […]

by Anjum Shah

Jan 31

Energy, National

Petroleum prices kept unchanged

ISLAMABAD: The government has decided to keep the prices of petroleum products unchanged for the month of February 2020. A statement said on Friday that the government decided to keep POL prices at the level of prices applied for January 2020. For the month of January 2020 the prices were increased as: The price of […]

by Anjum Shah

Petrol, high speed diesel prices increased for November

Oct 31

Finance, National

Petrol, high speed diesel prices increased for November

ISLAMABAD: The government on Thursday increased the prices of petrol and high speed diesel on sales to end consumers. The price of motor spirit (petrol) has been increased by Re 1 to Rs114.24 with effective from November 01, 2019 as compared with Rs113.24 applicable during October 2019. Similarly prices of high speed diesel increased by […]

by Anjum Shah

Prices of Petrol, HSD increased by Rs6/liter

Mar 31

National

Prices of Petrol, HSD increased by Rs6/liter

ISLAMABAD: The government has increased prices of petroleum products up to Rs6 per liter for the month of April 2019. The prices of petrol and diesel have been increased by Rs6 per liter and prices of kerosene oil and light diesel oil by Rs3 per liter. The price of diesel prices has been inflated from […]

by Faisal Shah