In a recent revelation by Pakistan’s Ministry of Finance, the previous government, led by the Pakistan Democratic Movement (PDM), which comprised several prominent political parties, has left the nation grappling with a staggering burden of Rs 452 billion due to the imposition of a petroleum levy during the fiscal year 2022-23. This unprecedented financial load has raised concerns among citizens and policymakers alike.
(more…)Tag: petroleum prices
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Petroleum Prices in Pakistan – Petrol and Diesel rates on August 30
Islamabad, August 30, 2023 – Pakistan has announced new prices for petroleum products, effective from August 30, 2023, which have witnessed a significant increase.
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Pakistan Poised for Possible Petroleum Price Hike Amid Rupee Depreciation
Karachi, August 28, 2023 – Pakistan is expected to announce an increase in petroleum prices for the first half of September 2023 during its scheduled announcement on August 31.
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Inevitable Petroleum Price Hike Looms for Pakistan in Early September 2023
Karachi, August 26, 2023 – Pakistan is on the brink of implementing a second round of price increases for petroleum products in the first half of September 2023.
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Petroleum Prices in Pakistan – Prevailing Rates of Petrol and Diesel from August 24, 2023
Pakistan has officially revealed its latest petroleum prices, delivering a shock to the nation as prices soar to unprecedented levels. Effective Thursday, August 24, 2023, these prices are set to remain unchanged until the end of the month unless any adjustments are made prior to that date.
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Latest Petroleum Prices on August 20 – Petrol and Diesel Rates in Pakistan
Islamabad, August 20, 2023 – Pakistan has announced its latest petroleum prices, effective from August 20, 2023, with these rates expected to remain in place until the end of the month, unless revised before that time.
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Updated Petroleum Prices in Pakistan: Petrol and Diesel Rates From August 18
Islamabad, August 18, 2023 – Pakistan has announced revised petroleum prices effective August 18, 2023, which are set to hold until the end of the month, unless altered before then.
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Karachi Chamber Urges Immediate Rollback of Petroleum Price and Power Tariff Hikes
KARACHI, August 16, 2023 – The Karachi Chamber of Commerce & Industry (KCCI) has called on the government to swiftly retract the recent increases in petroleum prices and power tariffs.
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Business Community Criticizes Significant Increase in Petroleum Prices
Karachi, August 16, 2023: The business community has strongly criticized the decision of the new interim government to substantially raise the prices of petroleum products.
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Interim Government Sends Shockwaves with Massive Hike in Petroleum Prices
Islamabad, August 16, 2023 – The interim government of Pakistan sent shockwaves through the nation on Tuesday night as it unveiled a significant surge in petroleum prices, exacerbating the plight of the already struggling lower-income segments grappling with soaring inflation.
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