KARACHI – Business leaders in Karachi have strongly condemned the government’s sharp increase in petroleum prices, warning it could derail economic recovery and intensify inflationary pressures across Pakistan.
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New petrol price: Govt prefers revenue over public relief
Islamabad, April 25, 2026 – The federal government on April 24, 2026, raised petrol prices despite a decline in ex-refinery rates, as higher petroleum levy adjustments outweighed relief from global oil movements. The latest revision has sparked debate over whether revenue needs are being prioritized over consumer relief in a period of persistent inflationary pressure across Pakistan.
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Govt raises petrol, diesel prices amid global oil surge: Pervaiz Malik
ISLAMABAD: The government has announced a significant increase in petrol and high-speed diesel (HSD) prices, citing a sharp surge in international oil markets driven by escalating regional tensions.
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Pakistan raises petrol, diesel prices by Rs26.77 per litre
Islamabad, April 24, 2026 – The government of Pakistan has announced a significant increase in fuel prices, raising petrol and high-speed diesel (HSD) rates by Rs26.77 per litre for the upcoming week, according to an official notification issued by the Ministry of Energy.
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Pakistan economy at risk from Middle East oil shock: Ahsan Iqbal
ISLAMABAD, April 20, 2026 — Pakistan’s economy remains vulnerable to rising global oil prices triggered by the ongoing Middle East conflict, Federal Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, said on Monday, warning of increased pressure on the country’s external sector despite improving domestic economic indicators.
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Oil prices tumble around 10-12% after Iran reopens Strait of Hormuz
Oil prices plunged on Friday after Iran declared the Strait of Hormuz “completely open” for shipping during a ceasefire with Israel and Lebanon, easing fears of prolonged supply disruptions from one of the world’s most critical energy chokepoints.
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Pakistan cuts diesel prices soon after Hormuz reopening
ISLAMABAD, April 17, 2026 — Pakistan reduced diesel prices on Friday following a sharp drop in global oil markets after Iran announced the reopening of the Strait of Hormuz, a key global energy shipping route, officials said.
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No petroleum shortage risk, says PM Shehbaz after key review meeting
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.
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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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