Jan 18

FBR slashes sales tax rates on petrol, HSD

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday slashed sales tax rates on petrol and high speed diesel (HSD) in order to reduce the impact of high oil prices at consumer end. The FBR issued SRO 88(I)/2022 dated January 18, 2022 to notify changes the sales tax rates on supply of petroleum products. The sales […]

by Anjum Shah

Pakistan’s petrol price rises to record high at Rs147.83

Jan 15

Energy, National, Top stories

Pakistan’s petrol price rises to record high at Rs147.83

ISLAMABAD: The petrol price in Pakistan has been increased to a record high of Rs147.83 per liter, said a statement issued by the finance ministry on Saturday. The government announced to increase prices of all petroleum products with effect from January 16, 2022. READ MORE: Prices of all POL products increased to wish New Year […]

by Anjum Shah

Prices of all POL products increased to wish New Year

Jan 1

Energy, National, Top stories

Prices of all POL products increased to wish New Year

ISLAMABAD: The government on Friday increased prices of all petroleum products to wish the nation the New Year 2022. The prices have been increased across the board around Rs4 per liter on all the products. READ MORE: Petrol price reduces to Rs140.82 per liter The prices have been implemented at 00:00 hours of January 01, […]

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

Nov 30

Energy, National

Govt. keeps petroleum prices unchanged

ISLAMABAD: The government Tuesday decided to keep the prices of petroleum products unchanged for the next fortnight till December 15, 2021. A notification said that the prices of petroleum products will be the same as notified on November 15, 2021. Petrol would be sold at Rs145.82 per liter; High-Speed Diesel at Rs142.62 per liter; kerosene […]

by Anjum Shah

Petroleum prices kept unchanged for next fortnight

Nov 15

Energy, National, Top stories

Petroleum prices kept unchanged for next fortnight

ISLAMABAD: The government on Monday decided to keep prices of petroleum products unchanged at the level of November 05, 2021, for the next fortnight. The prices will remain unchanged from November 16, 2021, till the end of the month: Petrol Rs145.82 per liter; High-Speed Diesel (HSD) Rs142.62 per liter; Kerosene Oil Rs116.53 per liter; and […]

by Anjum Shah

Petrol tax rate cut by 73% to lower global oil price impact

Nov 11

Energy, National, Taxation, Top stories

Petrol tax rate cut by 73% to lower global oil price impact

ISLAMABAD: The federal government has announced a reduction of 73 per cent in sales tax rate on supply of petrol in order lower the impact of high global oil prices. In this regard the Federal Board of Revenue (FBR) issued a notification i.e. SRO 1450(I)/2021 to reduce the sales tax rate on petrol and High […]

by Hamza Shah

Petrol price increases to new high of Rs145.82 per liter

Nov 5

Energy, National, Top stories

Petrol price increases to new high of Rs145.82 per liter

ISLAMABAD: The government on Thursday night announced an increase of Rs8.03 to Rs145.82 per liter in the price of petrol effective from November 05, 2021. The government announced increase in prices of all petroleum products. The price has been increased from previous high of Rs137.79. Similarly, the price of high speed diesel has been increased […]

by Anjum Shah

FPCCI rejects hike in petroleum, electricity prices

Oct 16

Trade & Industry

FPCCI rejects hike in petroleum, electricity prices

The Businessmen Panel (BMP) of Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) has rejected hike in prices of petroleum products and electricity. BMP Chairman Mian Anjum Nisar, while strongly reacting to increase in electricity base tariff by Rs 1.39 per unit for the second time in one year, along with exorbitant hike of […]

by Anjum Shah

Karachi Chamber appeals subsidizing petroleum prices

Oct 16

Trade & Industry

Karachi Chamber appeals subsidizing petroleum prices

Karachi Chamber of Commerce and Industry (KCCI) on Saturday appealed the government to subsidize prices of petroleum products as continuous hike in prices will badly affect business community as well as masses. Chairman Businessmen Group (BMG) & Former KCCI Zubair Motiwala, while expressing sheer dismay over exorbitant hike in petroleum prices by Rs10.49 per liter, […]

by Faisal Shah