Tag: Light Diesel Oil
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Govt raises petrol price by Rs26.02 per litre, diesel by Rs17
On Friday night, the interim government implemented a significant adjustment in fuel prices. The cost of petrol rose by Rs26.02 per litre, reaching a new rate of Rs331.38 per litre, while high-speed diesel (HSD) saw an increase of Rs17.34 per litre, settling at Rs329.18 per litre.
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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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Govt hikes petrol price by Rs5 to Rs272 per litre to match global market changes
As per a press release from the Finance Division, the government has decided to raise the price of petrol by Rs5 per litre to Rs272 per litre for the next two weeks, effective from March 16 (Thursday). The statement noted that the increase was due to the rise in Platts Singapore prices over the past…
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Russia refuses to give Pakistan 30–40% discount on crude oil
It appears that talks with Russia came to an end without any conclusion since Moscow has refused to offer Pakistan a 30–40 per cent discount on crude oil, claiming that all volumes were committed. During the negotiations, the Pakistani group, which included State Minister for Petroleum Musadik Malik, the joint secretary, and representatives of the…