Pakistan Revenue
Pakistan is poised to deregulate petroleum prices in response to concerns raised by the oil industry regarding the influx of smuggled oil products and the escalating fuel prices, according to recent reports.
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BEIJING, April 16, 2024 — China is set to adjust petroleum prices starting Wednesday in response to recent fluctuations in international oil markets, as announced by the country’s top economic planner, the National Development and Reform Commission (NDRC), on Tuesday.
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Islamabad, April 15, 2024 – Pakistan announced a significant increase in petrol and diesel prices, set to take effect from April 16, 2024, stirring concerns among consumers already grappling with high inflation rates.
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Analysts have projected a surge in global oil prices on Monday following Iran’s recent attack on Israel, which occurred over the weekend. However, the extent of further price increases may hinge on the responses from Israel and Western nations.
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Pakistan is poised to adjust petroleum prices for the second half of April 2024 amidst escalating tensions following Iran’s drone attacks on Israel. The revised prices, to be announced on April 15, 2024, will remain in effect until the end of the month.
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As of April 12, 2024, the petroleum prices in Pakistan stand at Rs 289.41 per liter for petrol and Rs 285.56 per liter for High-Speed Diesel (HSD), maintaining the rates set in the previous fortnight.
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Karachi, April 2, 2024 – In a bid to tackle climate change and reduce carbon emissions, Pakistan is contemplating the introduction of a carbon levy on the sale of petroleum products.
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Petrol price is climbing, hitting people’s pockets hard just before Eid-ul-Fitr. The government has decided to increase the price of petrol to Rs 289.41 per liter, which could lead to more inflation.
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Islamabad, March 31, 2024 – Pakistan has announced a significant increase of Rs 9.66 per liter in the price of petrol, effective from April 1, 2024.
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Every citizen has a question that will Pakistan raise petroleum prices for first fortnight of April 2024 in today’s revision. This question has been emerged after the reports suggested that the government would increase the petroleum prices from April 1, 2024 just ahead of Eid ul Fitr.
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