ISLAMABAD, April 13, 2026 – Prime Minister Shehbaz Sharif on Monday chaired a high-level meeting to review Pakistan’s petroleum product reserves amid heightened regional tensions, directing authorities to maintain strict monitoring of oil consumption and supply levels.
(more…)Tag: petroleum prices
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Oil surges past $100 as US-Iran tensions escalate after failed talks
Oil prices surged above $100 a barrel on Sunday after diplomatic efforts between the United States and Iran broke down, raising fears of a major disruption to global energy supplies.
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Did you know? Levies and commissions make up 29% of Rs366/litre petrol price
ISLAMABAD- Around 29% of the retail price of petrol in Pakistan consists of taxes, levies and distribution margins, according to industry calculations following the latest fuel price revision announced by the government.
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PM Shehbaz cuts diesel price by Rs135/litre in major relief move
ISLAMABAD, April 10 – Prime Minister Shehbaz Sharif on Friday announced a sharp reduction in fuel prices, slashing the cost of high-speed diesel by Rs135 per litre and petrol by Rs12 per litre, in a move aimed at providing relief to consumers amid easing global oil prices.
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Petroleum dealers demand higher commission, warn of shutdown
Karachi – Petroleum dealers in Pakistan have called for an immediate increase in their sales commission, warning of a nationwide shutdown of fuel stations if the government fails to address rising operational costs that are squeezing profit margins.
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Revenue or Relief? A Crucial Test for Pakistan After Global Oil Price Drop
Islamabad – The recent decline in global oil prices has placed the government of Pakistan at a critical crossroads: should it prioritize revenue generation or pass on relief to inflation-weary citizens? This dilemma has intensified following a temporary ceasefire involving the United States, Israel, and Iran, which triggered a sharp drop in international crude prices.
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Citizens expect petroleum price cut in Pakistan after global oil decline
Karachi, April 9, 2026 – Citizens across Pakistan are anticipating a major reduction in petroleum prices after a sharp fall in global oil markets, driven by easing geopolitical tensions following a ceasefire between the United States and Iran.
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Oil prices plunge 16% after surprise Iran ceasefire
Global oil markets saw a sharp decline on Tuesday as prices dropped around 16% following a surprise ceasefire agreement between the United States and Iran. The deal, announced by Donald Trump, aims to pause hostilities for two weeks in exchange for Iran allowing safe passage through the crucial Strait of Hormuz.
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Markets, Malls to Close at 8PM Nationwide Amid Fuel Crisis
Prime Minister Shehbaz Sharif on Monday chaired a high-level meeting and approved sweeping energy conservation measures, including early closure of markets and shopping malls across multiple regions, as Pakistan grapples with rising fuel costs.
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Sindh unveils eligibility criteria for motorcycle fuel subsidy scheme
The government of Sindh has formally launched its much-anticipated motorcycle fuel subsidy program, announcing detailed eligibility criteria to help residents cope with rising fuel costs. Chief Minister Murad Ali Shah inaugurated the initiative in Karachi on April 6, 2026.
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