Nov 26

Pakistan may impose petroleum tax to avert revenue shortfall

ISLAMABAD: Pakistan likely to impose tax on petroleum products to avert imminent shortfall in revenue collection. Reports suggested that the Federal Board of Revenue (FBR) – the apex tax collecting agency of the country – is anticipating massive revenue shortfall in coming months due to no tax on petroleum products besides slowdown in economic activity. […]

by Anjum Shah

Pakistan petroleum prices to go up with sales tax imposition

Nov 15

Energy, National, Top stories

Pakistan petroleum prices to go up with sales tax imposition

The prices of petroleum products in Pakistan will go up with the imposition of sales tax, which presently at zero per cent. Analysts AKD Research Tuesday stated that with the IMF consistently conveying concerns over possible shortfall on account of petroleum development levy (PDL), the government is looking towards a contingency plan by taking up […]

by Anjum Shah

Pakistan has sufficient stock of fuel to meet domestic demand

Nov 9

Energy

Pakistan has sufficient stock of fuel to meet domestic demand

ISLAMABAD: Pakistan has sufficient stock of fuel to meet the domestic requirement of the country, an official statement said on Tuesday. The statement has clarified the news reports circulated regarding fuel shortage. It said the reports are baseless and contrary to facts. On November 7, 2022 the petrol stocks are around 550,000 Metric Tons which […]

by Anjum Shah

Petroleum prices in Pakistan effective from November 01, 2022

Oct 31

Energy, National, Top stories

Petroleum prices in Pakistan effective from November 01, 2022

ISLAMABAD: The government of Pakistan on Monday decided to keep the petroleum prices unchanged for next fortnight starting from November 01, 2022. Finance Minister Ishaq Dar announced the decision to keep the prices unchanged for next 15 days. “The government has decided to keep the prices of Petrol, High Speed Diesel, Light Diesel, and Kerosene […]

by Anjum Shah

Pakistan reviews petroleum prices for next fortnight amid PTI’s long march

Oct 29

Energy, National, Top stories

Pakistan reviews petroleum prices for next fortnight amid PTI’s long march

ISLAMABAD: Pakistan is set to review petroleum prices on October 31, 2022, as the government is facing challenges including long march initiated by leading opposition party and rising benchmark Brent crude rates in international markets. The present coalition government led by PML-N is under immense pressure since coming into power in April 2022. This government […]

by Faisal Shah

Oct 21

Energy, National

Today’s petroleum prices in Pakistan on Oct 21, 2022

ISLAMABAD: The prices of petroleum prices in Pakistan as of October 21, 2022 is as follow: The rate of petrol is Rs224.80 per liter. The price of high speed diesel is Rs235.30 per liter. The rate of Kerosene oil is Rs191.83 per liter. The price of light diesel oil is Rs186.50 per liter. READ MORE: […]

by Anjum Shah

Pakistan keeps petroleum prices unchanged from October 16, 2022

Oct 15

Energy, National, Top stories

Pakistan keeps petroleum prices unchanged from October 16, 2022

The government of Pakistan has decided to keep the prices of petroleum products unchanged for the fortnight starting from October 16, 2022. Finance Minister Muhammad Ishaq Dar in a statement said that Oil and Gas Regulatory Authority (OGRA) had sent summary for increase in prices of petroleum products but the government had decided to maintain […]

by Anjum Shah

Pakistan may sharply cut petroleum prices from Oct 16, 2022

Oct 11

Energy, National, Top stories

Pakistan may sharply cut petroleum prices from Oct 16, 2022

ISLAMABAD: Pakistan may announce a sharp reduction in petroleum prices for next fortnight starting from October 16, 2022 owing to massive gain in value of local currency and lower prices of oil in international markets. Finance Minister Ishaq Dar has also hinted to reduce the oil prices significantly in order to stabilize the economy and […]

by Anjum Shah

Pakistan sharply reduces petroleum prices from October 01, 2022

Sep 30

Energy, National, Top stories

Pakistan sharply reduces petroleum prices from October 01, 2022

ISLAMABAD: The government on Friday announced significant reduction in petroleum prices for next fortnight starting from October 01, 2022. According to the new prices, effective from October 01, 2022: The rate of petrol has been reduced by Rs12.63 per liter to Rs224.80 from Rs237.43. READ MORE: Pakistan reviews petroleum prices on Sept 30, 2022 amid […]

by Anjum Shah

Pakistan to review petroleum prices on September 15, 2022

Sep 12

Energy, National, Top stories

Pakistan to review petroleum prices on September 15, 2022

ISLAMABAD: Pakistan is likely to review petroleum prices on Thursday September 15, 2022 for the next fortnight starting from September 16, 2022. The country reviews domestic oil prices after every 15 days to adjust rise and fall of prices in the international market and changes occurred in the exchange rates. READ MORE: New petroleum prices […]

by Anjum Shah