Government Lowers Petrol Rate, Keeps Diesel Price Unchanged
The federal government has reduced the price of petrol by Rs4 per litre for the coming week, while keeping the price of high-speed diesel (HSD) unchanged.
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Tag: petroleum
This tag provides stories related to petroleum. Pakistan Revenue is committed to provide updated petroleum prices to readers when updated. Petroleum prices are very important for all segments of socity.
Pakistan Slashes Petrol, Diesel Prices by Rs22 Per Litre as Global Oil Market Cools
In a significant relief for the public, the federal government on Friday announced a sharp reduction in petroleum prices, cutting both petrol and high-speed diesel (HSD) rates by Rs22 per litre across the country. With the latest revision, the new price of petrol has been fixed at Rs381.78 per litre, while high-speed diesel will now […]
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DGPC initiates regulatory action against three petroleum exploration companies
Islamabad, February 12, 2026 – The Directorate General of Petroleum Concessions (DGPC) has launched regulatory proceedings against three exploration and production companies over alleged violations of petroleum rules, Parliamentary Secretary for Energy (Petroleum Division) Mian Khan Bugti informed the National Assembly on Thursday.
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Petroleum Dealers Win Tax Dispute with Government
Karachi, July 7, 2024 – Pakistan’s petroleum dealers have successfully convinced the government to reverse a new tax regulation after arguing it amounted to double taxation.
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Divided Dealers Cause Partial Petrol Pump Closure
Karachi, July 5, 2024 – Pakistan witnessed a patchy petrol pump strike on Friday as the Pakistan Petroleum Dealers Association (PPDA) remained split over a call to protest a new 0.5% turnover tax imposed in the recent federal budget.
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Bonded Warehouse Policy Introduced to Address Petroleum Sector Issues: Musadik Malik
Islamabad: In a bid to tackle the persistent dry outs in the petroleum sector, the government of Pakistan has unveiled a new policy known as the “bonded warehouse.”
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Daily petroleum prices in Pakistan for May 2023
Following the last update on May 1, the daily petroleum prices in Pakistan for May 2023 have remained unchanged, offering stability to consumers. The current prices will be effective until May 15, 2023.
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Pakistan may impose petroleum tax to avert revenue shortfall
ISLAMABAD: Pakistan likely to impose tax on petroleum products to avert imminent shortfall in revenue collection. Reports suggested that the Federal Board of Revenue (FBR) – the apex tax collecting agency of the country – is anticipating massive revenue shortfall in coming months due to no tax on petroleum products besides slowdown in economic activity. […]
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Mari Petroleum declares Rs33 billion as annual profit for FY22
KARACHI: Mari Petroleum Company Limited (MPCL) on Thursday declared over Rs33 billion after tax profit for the fiscal year 2021/2022. According to annual financial results submitted to the Pakistan Stock Exchange (PSX), the net profit of the company increased by 5.15 per cent when compared with Rs31.44 billion in the preceding fiscal year. The company […]
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Imran Khan demands substantial reduction in petroleum prices
ISLAMABAD: The chairman of Pakistan Tehreek-e-Insaf (PTI), Imran Khan on Monday demanded the present coalition government to reduce the petroleum prices drastically. In a public address on Monday, after securing landslide victory in by-election, Imran Khan demanded the government to cut off petrol prices because the oil prices in the international market has been reduced […]
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