ISLAMABAD: Federal Board of Revenue (FBR) has launched massive crackdown against illegal petrol pumps from Monday (January 11, 2021) on the directives of Prime Minister Imran Khan.
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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.
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POL Products: import unit price plunges by 46%; retail price up 35% in five months
ISLAMABAD: The unit price of imported POL products fell by 46 percent during first five months (July – November) of the current fiscal year, yet the retail petrol price increased by 35 percent during the period under review.
According to Pakistan Bureau of Statistics (PBS) the import of POL products fell by 16.51 percent to $1.815 billion during first five months of the current fiscal year as compared with $2.17 billion in the same period of the last fiscal year.
At one end where import payment for finished petroleum produces fell by 16.51 percent the quantity of same products has increased by 54.42 percent during the period under review.
The country paid $1.815 billion for the import of 6.08 million metric tons of petroleum products during July – November 2020. However, the payment for POL Products was $2.17 billion for the import of 3.93 million metric tons. Therefore, the unit price came down by 46 percent for the period under review.
On the other hand, the government increased the price of petrol by 35 percent during the period under review. The per liter petrol was Rs74.52 on July 01, 2020 and it was increased to Rs100.69 per liter up to November 30, 2020.
It is interestingly to note that the exchange rate during the period also witnessed appreciation in the local currency. The rupee appreciated by 4.47 percent during the period under review. The rupee was at Rs166.89 to the dollar on July 01, 2020 and it appreciated to Rs159.42 to the dollar on November 30, 2020.
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Petrol increased to Rs103.69 per liter
The government has announced an increase in the prices of all petroleum products, including petrol, for the upcoming fortnight, effective from December 16, 2020. This adjustment reflects global market trends and fluctuations in crude oil prices, impacting the cost of fuel domestically.
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Diesel oil price hiked by Rs4/liter
ISLAMABAD: The government has increase the price of high speed diesel oil by Rs4 per liter. The prices of other POL products have been kept unchanged for next fortnight with effect from December 01, 2020, a statement said on Monday.
The government in its endeavor to provide maximum relief to the public has decided to absorb most of the increase in international prices of petroleum products, the statement said.
The prices of MS (Petrol), Kerosene (SKO) and Light Diesel Oil would remain the same w.e.f. 01 December 2020 for the next fifteen days.
However, due to significant increase in the international price of High Speed Diesel (HSD), the price of High Speed Diesel has been increased by Rs. 4.00 per liter for the same period.
The price of high speed diesel has been increased to Rs105.43 per liter from Rs104.43.
The prices of MS (Petrol) at Rs100.69; Kerosene (SKO) at Rs65.29, ant Light Diesel Oil at Rs62.86 have been kept unchanged for next fortnight.
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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
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Govt. slashes prices of petrol, HSD
ISLAMABAD: The government on Saturday announced reduction in prices of petrol and High Speed Diesel (HSD) effective from November 01, 2020.
In a notification issued by the ministry of finance said that the government had decided to reduce prices of petrol by Rs1.57 per liter and HSD by Re 0.84 per litter.
The new prices effective from 12 midnight today are as follow:
MS Petrol Rs 102.40 per liter
HSD Rs103.22 per liter
Kerosene oil Rs65.29 per liter
Light Diesel Oil Rs62.86 per liter
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Petroleum prices increased up to 66 percent; Petrol enhanced to Rs100.10/liter
ISLAMABAD: The federal government has increase prices of petroleum products (POL) up to 66 percent effective from June 26, 2020.
According to new prices issued by the ministry of finance the maximum increase has been witnessed in kerosene oil by 66.08 percent to Rs59.06 per liter from previous price of Rs35.56 per liter.
Second major change has been witnessed in Light Diesel Oil that has been enhanced by 46.77 percent to Rs55.98 per liter from previous rate of Rs38.14 per liter.
The price of petrol has been increased by 34 percent to Rs100.10 per liter from previous rate of Rs74.52 per liter.
The price of High Speed Diesel has been increased by 26.58 percent to Rs101.45 per liter from Rs80.15 per liter.
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Prices of petroleum products slashed up to 39 percent
ISLAMABAD: The government on Thursday announced a significant reduction in the prices of petroleum products, with cuts reaching up to 39 percent. This move aims to pass on the benefits of the massive decline in international oil prices to the public.
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Petroleum prices kept unchanged
ISLAMABAD: The government has decided to keep the prices of petroleum products unchanged for the month of February 2020.
A statement said on Friday that the government decided to keep POL prices at the level of prices applied for January 2020.
For the month of January 2020 the prices were increased as:
The price of kerosene (SKO) has been increased by Rs3.10 per liter to Rs99.45 to from Rs96.35.
The price of petrol has been increased by Rs2.61 per liter to Rs116.60 from Rs113.99.
The rate of High Speed Diesel (HSD) has been increased by Rs2.25 per liter to Rs127.26 from Rs125.01.
The price of Light Diesel Oil (LDO) has been increased by Rs2.08 to Rs84.51 from Rs82.43.