Tag: Diesel prices
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Petrol and diesel prices expected to surpass Rs300 per litre this week
As global oil rates surge and the rupee’s value against the US dollar weakens, there are growing indications that petrol and diesel prices in Pakistan could soon breach the significant Rs300 mark. The Oil and Gas Regulatory Authority (Ogra) is reportedly contemplating recommending a substantial increase in petroleum product prices for the upcoming fortnight, in…
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Goods transporters implement 20% fare hike in response to soaring diesel prices
Goods transporters raised their fares by 20 per cent in response to a recent surge in diesel prices on Thursday. The announcement came as the goods transporters association revealed their decision to implement a fare increase of 20 per cent, citing a substantial rise in diesel prices of up to Rs40 per litre over the…
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Here are the revised diesel and petrol prices effective July 16, 2023
Finance Minister Ishaq Dar announced on Saturday that the prices of petrol and diesel will be reduced in the upcoming fortnightly review.
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Govt expected to reduce petrol price by Rs10 per litre in a pre-budget relief move
Ahead of the much-anticipated federal budget for 2023-24, set to be announced on June 9, the government is planning to alleviate the burden of inflation by reducing the prices of petroleum products, according to industry officials.
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Govt expected to increase petrol price by up to Rs14 per litre for the next fortnight
Petroleum prices are expected to jump by approximately Rs10-14 per litre for the upcoming two weeks. Credible industry sources suggest that the government may contemplate increasing the prices of petroleum products in response to the increasing oil prices in the global markets. If the government considers compensating for exchange rate losses, as opposed to the…
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Punjab Transport Department increases non-AC bus fares by over 250%
The Punjab Transport Department (PTD) has announced that it will increase the fares of non-AC buses in response to the rising prices of diesel and petrol. This decision will place an additional burden on the poor, as fares will increase by more than 250 per cent. The new fares for both inter and intra-city non-AC…
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International petrol, diesel prices drop, but no relief for Pakistanis
The government has decided not to reduce the prices of diesel and petrol for local consumers, despite a significant decrease in their international prices. This decision is intended to offset previous exchange losses and raise taxation. On February 28, 2023, the average fortnightly prices of petrol and diesel in the global market will be used…
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Massive hike of Rs83.5 for petrol, Rs119 for diesel proposed by OGRA
The Oil and Gas Regulatory Authority (OGRA) suggested the federal government elevate fuel prices by up to Rs83.5 per liter for petrol and Rs119 for diesel. A summary to the petroleum division was presented by OGRA for the huge increase in petroleum rates to come into effect on April 16 in Pakistan. The proposed raise…
