FCCP suspends Sindh High Court order directing subsidy payments to petroleum company, issues notices and seeks complete case record
The Federal Constitutional Court of Pakistan on Thursday suspended a ruling by the Sindh High Court that had directed the payment of subsidies to a private petroleum firm, while admitting the federal government’s appeal for a detailed hearing.
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Weekly fuel price review lowers petrol to Rs409.78, diesel to Rs409.58 per litre
Ministry of Energy on Friday reduced petroleum prices by Rs5 per litre each in the latest weekly review, providing relief to consumers after sharp increases in the previous adjustment.
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Government pledges no fuel subsidies, market interventions, or new guaranteed incentives under IMF programme
Pakistan has committed to the International Monetary Fund that it will not introduce any fuel subsidy or cross-subsidy scheme as part of conditions under the ongoing IMF programme.
(more…)ISLAMABAD – The federal government has implemented a steep increase in the prices of petroleum products, raising the cost of petrol and High-Speed Diesel (HSD) by approximately Rs 15 per litre. The move, which took effect on May 9, is a direct result of the government’s commitment to the International Monetary Fund (IMF) to bolster tax collection through the Petroleum Levy.
(more…)Pakistan has witnessed another devastating fuel price hike after the federal government sharply increased petrol and diesel prices by nearly Rs15 per litre, pushing both products above the alarming Rs414 mark for the first time.
(more…)KARACHI: Pakistan’s oil sales declined sharply in April 2026 as rising petroleum prices dampened demand, according to data released by industry analysts.
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KARACHI, May 2, 2026– Pakistan inflation could rise by 50 basis points for every $10 per barrel increase in global oil prices, intensifying economic pressures amid ongoing geopolitical tensions, according to a report by Topline Securities Limited.
(more…)ISLAMABAD, April 30, 2026: The government of Pakistan has increased petrol and diesel prices to nearly Rs400 per litre, with the revised rates taking effect from May 1, 2026, according to an official notification issued on Thursday.
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ISLAMABAD, April 30, 2026: Prime Minister Shehbaz Sharif on Thursday approved a one-month extension in the fuel subsidy for motorcycle users, as well as public and goods transport, to provide relief to economically vulnerable segments.
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Islamabad, April 29, 2026 — Pakistan is set to determine new petroleum prices on Friday, May 1, as Prime Minister Shehbaz Sharif expressed concern over the recent surge in global crude oil prices and its impact on the national economy.
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