Tag: Petroleum prices
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Transporters overcharge passengers after fresh increase in fuel prices
The recent hike in petroleum prices has been met with public outcry, with many stating that the significant increase in petrol prices has severely impacted the common man, as transporters have raised fares just ahead of Eid-ul-Fitr. This rise in oil product prices is also expected to have repercussions on the cost of daily commodities,…
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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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‘I am an easy target’: Miftah Ismail reacts to criticism after another petroleum hike
Finance Minister (FM) Miftah Ismail once again explained how the petrol prices are calculated after receiving criticism for the increase in petroleum prices. Responding to senior journalist Hamid Mir on Twitter, he said the government has not imposed any tax on petroleum products. Clarifying his position, the minister said that he did not say that…
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Govt raises petrol price by Rs6.72 to Rs233.91 per litre
Despite several reports of an expected decrease in prices of petroleum products, the government increased the price of petrol by Rs6.72 per litre and decreased the price of high-speed diesel (HSD) by Rs0.51 and kerosene oil by Rs1.67 per litre. The price of light diesel oil (LDO) was raised by Rs0.43 per litre by the…
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‘Miftah is facing immense criticism from within PML-N’: Khawaja Asif
Defence Minister Khawaja Asif on Saturday tweeted in support of Finance Minister (FM) Miftah Ismail. He further revealed that Ismail was facing immense criticism from within the Pakistan Muslim League-Nawaz (PML-N) because of the continuous increase in petrol prices. “FM Miftah is among the hardest working members of PM’s team, accessible to all stakeholders,” tweeted…
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Pakistan aims to enhance Saudi oil facility to $3.6 billion
A spokesperson for the Petroleum Division said that Pakistan is in talks with Saudi Arabia to increase the size of an oil facility on deferred payments from its current $1.2 billion to $3.6 billion. According to The News, when former Prime Minister Imran Khan visited Riyadh in October of last year, Saudi Arabia made a…
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No memes: Twitter is angry over another petrol price hike
The federal government increased the price of all petroleum products yesterday (June 15). This includes an increase of Rs24 per litre for petrol and Rs59.16 per litre for high-speed diesel (HSD). This is the third hike in petroleum prices in less than a month. Federal Minister for Finance and Revenue Miftah Ismail criticised the PTI…
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‘Please don’t go out in the heat to get tanks filled’: Miftah Ismail
Finance Minister Miftah Ismail said on Sunday that the government has no plans to raise the price of petroleum goods for the time being. Addressing a press conference, the finance minister said that Prime Minister Shehbaz Sharif had rejected the proposal of increasing petroleum prices today, adding that the government could not burden the people…
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Petrol, Diesel prices to remain unchanged till April 15
The government has decided to maintain the existing prices for petroleum products for the fortnight. Petroleum prices will remain unchanged from April 1 to April 15, as per a statement released by the finance division. Petrol is currently priced at Rs149.86 per liter, while diesel, kerosene oil, and light diesel are priced at Rs144.15, Rs125.56,…
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Oil companies warn govt of fuel shortage in Pakistan
Oil marketing companies and refineries have reportedly expressed serious concerns and warned of a fuel crisis in the country after the government’s announcement of a relief package, according to Geo News. In a meeting between Oil and Gas Regulatory Authority (OGRA) and the petroleum division, several questions have been raised regarding petroleum prices. They argued…