Tag: diesel
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Govt hikes petrol and diesel prices by nearly Rs20 per litre
In a move to fulfill its commitment with the International Monetary Fund (IMF), Pakistan’s Finance Minister Ishaq Dar has announced a substantial increase in petrol and diesel prices. The revision has taken effect immediately today (August 1st), with petrol prices rising by Rs19.95 per liter and diesel prices climbing by Rs19.90 per liter.
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Petroleum dealers’ strike averted: Govt approves Rs1.64 per litre profit margin increase
The government has successfully reached an agreement with the Pakistan Petroleum Dealers Association (PPDA) to avert the strike they had threatened last week. After extensive negotiations, the government agreed to increase the profit margin on petroleum products for dealers by Rs1.64 per litre.
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Govt increases levy on petrol to Rs55 per litre, maintains Rs50 levy on diesel
In a recent development, the government has decided to raise the petroleum development levy (PDL) on petrol in accordance with a staff-level agreement worth $3 billion signed with the International Monetary Fund (IMF).
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Govt keeps petrol price unchanged, implements Rs7.50 hike in diesel rate
The Finance Minister, Ishaq Dar, announced that the price of petrol will remain unchanged while the price of diesel will see an increase of Rs7.50 per litre for the next fortnight.
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Petrol price slashed by Rs8 to Rs262 per litre for next fortnight
In a televised address on Wednesday, Finance Minister Ishaq Dar announced a significant reduction in the prices of petroleum products by the federal government.
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Petrol price expected to decrease by Rs10 per litre for the next fortnight
The prices of petroleum products are expected to decrease starting from May 16, as the coalition government intends to provide some relief to the distressed public amidst the severe economic crisis and record inflation.
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Pakistan’s weekly inflation reaches record high of 48.35%
According to data from the Pakistan Bureau of Statistics (PBS), the Sensitive Price Indicator (SPI) has risen by 1.05 per cent to reach a record high of 48.35 per cent year-on-year for the week ending May 4. The SPI for the aforementioned week was recorded at 254.84 points, compared to 252.2 points the previous week.
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Weekly inflation in Pakistan spikes above 44%
The Pakistan Bureau of Statistics (PBS) has reported that for the week ending on April 6, 2023, the Sensitive Price Indicator (SPI) based inflation has increased by 0.92 per cent. This rise is mainly due to an increase in the prices of food items such as chicken (15.87 per cent), sugar (13.48 per cent), potatoes…
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Petrol, diesel prices expected to decrease following decline in global crude oil prices
Petroleum product prices in Pakistan are expected to reduce from April 1st following a decline in international crude oil prices. The oil marketing companies (OMCs) estimated that the price of diesel could go down by Rs15-20 per litre, while the price of petrol is expected to decline by Rs4-5 per litre. However, industry sources suggest…
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PSO reportedly planning to buy Telenor to expand its business beyond oil
Pakistan State Oil (PSO) is reportedly conducting due diligence on the Pakistani operations of a Norwegian telecommunications operator, in response to Telenor’s plans to sell its Pakistani operations valued at around $1 billion. Pending regulatory approval, PSO has expressed interest in acquiring Telenor Pakistan and Easypaisa, following the completion of bidding documentation and due diligence.…