Tag: petrol prices
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Govt to increase the travel allowance so most Parliamentarians are able to get free petrol
The government has drafted a bill to increase the travel allowance of parliamentarians from Rs10 per kilometer to Rs30 per kilometer. The bill has been drafted on the request of parliamentarians who requested to increase travel allowance which has not been increased since 1980. Based on their request, if the parliamentarian owns a civic or…
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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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Petrol price unchanged, diesel price slashed by Rs5 per litre
The federal government has announced a reduction in the price of diesel by Rs5 per litre, effective immediately, while maintaining the price of petrol for the next two weeks. Finance Minister Ishaq Dar said that the prices are revised to provide “maximum relief” to the public, following the directives of Prime Minister Shehbaz Sharif. In…
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Rising petrol prices and rupee devaluation push inflation to 47.23% in Pakistan ahead of Eid
According to data released by the Pakistan Bureau of Statistics (PBS), a steep increase in the prices of essential food items such as chicken and petrol has pushed weekly inflation to 47.23 per cent year-on-year for the week ending on April 19. Inflation has risen 0.51 per cent week-on-week, compared to a 0.60 per cent…
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Pakistan sees increase in LPG prices following petrol price hike
The Oil and Gas Regulatory Authority (OGRA) has announced an increase in the price of Liquefied Petroleum Gas (LPG) in Pakistan, following the recent hike in petrol prices. As per the notification, the price of LPG has been increased by Rs10 per kilogramme, with the new price per kilogramme set at Rs229. Moreover, the price…
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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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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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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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Weekly inflation increases more than 38% as prices of petrol and food items hit the roof
he latest inflation report released by the Pakistan Bureau of Statistics shows a 2.89% increase in the Sensitive Price Indicator (SPI) for the week ended February 16, 2023. The report highlights a significant increase in food and petrol prices leading to a 38.42% year-on-year inflation. The report also includes details on the items that have…