Tag: Petroleum prices
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Petroleum sales in Pakistan drop to six-month low
The sale of total petroleum products in Pakistan fell to 1.1 million tonnes in April 2024, a 6 per cent decrease compared to 1.17 million tonnes in the same month last year.
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Travellers suffer as transporters jack up prices before Eid
The recent spike in petroleum prices has triggered a transportation crisis as transporters exploit passengers by hiking fares.
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PM Kakar calls for reduction in prices of essential items and services after petrol price cut
On Monday, Caretaker Prime Minister (PM) Anwaar ul Haq Kakar called upon the chief ministers to take decisive action in lowering the prices of essential goods and services in response to a significant reduction in fuel costs.
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Petrol price may drop by Rs41 per litre: AHL
Petroleum prices may decrease in the upcoming announcement due to a significant drop in global oil prices and the strengthening of the Pakistani rupee against the US dollar, according to Arif Habib Limited (AHL), a brokerage house.
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Petroleum prices expected to decline as rupee gains ground against US dollar
As reported by Geo News on Saturday, there’s an expectation that starting on October 1st, petroleum prices will see a decrease due to the stability of the Pakistani rupee (PKR) against the US dollar (USD). This shift is also attributed to a decline in international market prices.
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Things will get more expensive amidst soaring petroleum prices: Finance Ministry
Due to the persistent escalation in energy and petroleum prices, it is anticipated that inflation will maintain its elevated trajectory in the months ahead.
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Federal ministers predict petrol price reduction, oil authority cautions against speculation
The Oil and Gas Regulatory Authority (OGRA) has cautioned against engaging in speculative discussions regarding the future pricing of petroleum products. This advisory comes in response to recent statements made by federal ministers suggesting potential reductions in Petroleum Oil and Lubricants (POL) rates during the upcoming fortnightly review.
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One rupee relief: Petroleum Division reveals ‘benefit’ of importing Russian crude
According to The News, the Petroleum Division highlighted that the projected benefit to consumers resulting from the import of Russian crude oil remains relatively modest, at approximately Re1 per litre for both petrol and diesel. This assessment takes into account various operational intricacies and market dynamics.
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Sharp rise in petrol price drives weekly inflation up, worsening daily struggles for Pakistanis
The Sensitive Price Index (SPI) in Pakistan has risen by 1.30 per cent compared to the previous week, intensifying the financial burden on the already struggling population. The nation is grappling with ever-depreciating financial resources as it faces a sharp increase in petroleum prices and food inflation.
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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.