Tag: petroleum prices

  • Sales tax rates slashed on kerosene, light diesel

    Sales tax rates slashed on kerosene, light diesel

    ISLAMABAD: The government has announced cut in sales tax rates on kerosene oil and light diesel in order to absorb the price hike on petroleum products.

    In this regard the FBR issued SRO 726(I)/2021 on Tuesday to comply with the decision of the government for keeping the POL prices intact by absorbing a hike in prices through downward adjustment in sales tax rates.

    The sales tax rate on kerosene oil has been reduced to 10.07 percent from the previous rate of 15.44 percent. Similarly, the sales tax rate on light diesel oil has been reduced to 3.67 percent from 7.56 percent. Meanwhile, the sales tax rates on petrol and high speed oil have been kept unchanged at 17 percent.

    According to an official statement issued on May 31, 2021, the prime minister had decided to maintain the prices of petroleum products as they were on May 17, 2021.

    β€œThe government has not increased the prices of petroleum products since April 16, 2021 by adjusting sales tax and petroleum levy so that there is no corresponding increase in the prices of essential items and maximum relief is provided to the common man.”

  • Petrol price reduced to Rs110.35 per liter

    Petrol price reduced to Rs110.35 per liter

    ISLAMABAD: The government on Wednesday announced a decline of Rs1.55 per liter petrol to Rs110.35 for the next fortnight starting April 01, 2021.

    According to revised petroleum prices issued by the finance division the price of petrol has been revised downward by Rs1.55 per liter to Rs110.35 from existing price of Rs111.90.

    The price of high speed diesel has been reduced by Rs3 per liter to Rs113.08 from Rs116.08.

    Similarly, the per liter kerosene oil has been reduced by Rs1.55 to Rs82.06 from Rs83.61.

    Likewise, the price of light diesel oil has been brought down by Rs1.56 per liter to Rs79.86 from exiting Rs81.42.

    The prices will be effective from April 01, 2021.

  • Petrol, HSD prices kept unchanged for next fortnight

    Petrol, HSD prices kept unchanged for next fortnight

    ISLAMABAD: The government has decided to keep the prices of petrol and high speed diesel (HSD) unchanged for next fortnight, a statement said on Monday.

    It said that the government has been absorbing the upward price fluctuation in international market in order to provide maximum relief to the end consumers.

    Despite very limited fiscal space, the government has decided that the prices of MS (Petrol) and High Speed Diesel (HSD) will remain the same.

    However, as no Petroleum Levy (PL) is being charged on SKO and LDO, the prices of Kerosene (SKO) and Light Diesel Oil (LDO) have been marginally increased by Rs.3.42/liter and Rs.2.19/liter respectively due to significant rise in the international prices of Petroleum Products.

    The following new prices would be effective from March 16, 2021 for the 2nd fortnight of the current month:

    MS (Petrol) is unchanged at Rs111.90

    High Speed Diesel (HSD) is unchanged at Rs116.08

    Kerosene (SKO) has been increased from Rs80.19 to Rs83.61

    Light Diesel Oil (LDO) has been increased from Rs79.23 to Rs81.42

  • Prices of petroleum products kept unchanged for next 15 days

    Prices of petroleum products kept unchanged for next 15 days

    ISLAMABAD: The government on Sunday decided to keep prices of petroleum products unchanged during first fortnight of March 2021.

    This is the second fortnight in a row when the government decided to keep the POL prices unchanged.

    The prices as of February 01, 2021 remain effective for the first fortnight of March 2021.

    The government on January 31, 2021 announced raise in petroleum prices. Following prices were increased and effective from February 01, 2021:

    The price of petrol has been increased by Rs2.70 per liter to Rs111.90 from previous rate of Rs109.20.

    The rate of high speed diesel has been enhanced by Rs2.88 per liter to Rs116.07 from Rs113.19.

    The price of kerosene oil has been increased by Rs3.54 per liter to Rs80.19 from Rs76.65.

    The rate of light diesel oil has been increased by Rs3.00 per liter to Rs79.23 from Rs76.23.

  • Prices of petroleum products kept unchanged

    Prices of petroleum products kept unchanged

    ISLAMABAD: The federal government has decided to keep the prices of petroleum products unchanged for next fortnight.

    According to a statement issued on Monday, the government has decided not to change the prices of petroleum products for next fortnight.

    The prices as of February 01, 2021 remain effective for the rest of the month.

    The government on January 31, 2021 announced raise in petroleum prices. Following prices were increased and effective from February 01, 2021:

    The price of petrol has been increased by Rs2.70 per liter to Rs111.90 from previous rate of Rs109.20.

    The rate of high speed diesel has been enhanced by Rs2.88 per liter to Rs116.07 from Rs113.19.

    The price of kerosene oil has been increased by Rs3.54 per liter to Rs80.19 from Rs76.65.

    The rate of light diesel oil has been increased by Rs3.00 per liter to Rs79.23 from Rs76.23.

    The new prices of petroleum products are applicable from mid night February 01, 2021.

  • Petroleum levy collection registers 100 percent increase

    Petroleum levy collection registers 100 percent increase

    ISLAMABAD: The collection of petroleum levy has registered almost 100 percent increase during the first half of the current fiscal year, according to official statistics made available on Saturday.

    (more…)
  • Petrol price increased to Rs111.90 per liter

    Petrol price increased to Rs111.90 per liter

    The government has announced an increase in the prices of petrol and other petroleum products, citing rising international oil prices as a key factor.

    (more…)
  • Petrol per liter price increased to Rs109.20

    Petrol per liter price increased to Rs109.20

    Islamabad: The government on Friday announced increase in prices of petroleum products for next fortnight and fixed Rs109.20 for per liter petrol, a statement said.

    The new prices will be implemented with effect from January 16, 2021.

    The price of petrol has been increased by Rs3.2 per litter to Rs109.20 from previous rate of Rs106.

    The rate of high speed diesel has been enhanced by Rs2.95 per liter to Rs76.65 from Rs73.65.

    The price of kerosene oil has been increased by Rs3 per liter to Rs76.65 from Rs73.65.

    The rate of light diesel oil has been increased by Rs4.42 per liter to Rs76.23 from Rs71.81.

    The new prices of petroleum products are effective till January 31, 2021.

  • New Year gift: prices of all petroleum products increased

    New Year gift: prices of all petroleum products increased

    ISLAMABAD: The federal government on Thursday announced a New Year gift for general public by enhancing prices of all petroleum products next fortnight effective from mid-night of January 01, 2021.

    According to a press statement issued by the Finance Division, the prices of petroleum products enhanced and will effect from January 01, 2020 for the next fortnight, are as follow:

    The price of petrol has been increased by Rs2.31 to Rs106 per liter from Rs103.69.

    The rate of high speed diesel (HSD) increased by Rs1.80 to Rs110.24 per liter to Rs108.44.

    The price of kerosene oil has been enhanced by Rs3.36 to Rs73.65 per liter from Rs70.29.

    Similarly, the price of light diesel oil has been increased by Rs3.95 to Rs67.86 per liter from Rs71.81.

  • Prices of petrol, diesel reduced for next fortnight

    Prices of petrol, diesel reduced for next fortnight

    ISLAMABAD: The federal government on Sunday decided to reduce prices of petroleum products for next fortnight effective from November 16, 2020.

    A statement issued by the finance division said that the price of petrol has been reduced by Rs1.71 per liter and rate of high speed diesel reduced by Rs1.79 per letter.

    The new prices of petroleum products will be as under effective from November 16, 2020:

    Petrol Rs100.69/liter

    High Speed Diesel Rs101.43/liter

    Kerosene Oil Rs 65.29/liter

    Light Diesel Oil Rs62.86