Category: Petroleum

As the govt of Pakistan reviews the petroleum product prices after every two weeks. Once on start of month and once in the mid of every month. They then issue new prices based on many factors which include the value of local currency as compared to US Dollars, International crude oil prices and the taxes imposed by Govt of Pakistan. Govt of Pakistan have announced the petroleum prices for second fortnight (last 2 weeks) of April 2023. They have increased the Petrol and Kerosene oil prices. So, the petrol price was increased by Rs. 10 PKR per litre while the price of Kerosene oil was increased by Rs. 5.78 per litre PKR. The prices of High Speed Diesel (HSD) and […]

Government of Pakistan reviews the petrol and high speed diesel prices in every 15 days. So on the every 1st and 16th of the month the new petrol and diesel prices are set. These new prices are in accordance with and to compensate with international crude oil prices. However, many other factors like govt taxes play a role in finalized prices. For the first fortnight of April 2023, from 1st April to 15th April, govt have decide to not change the diesel and petrol prices. However, as the crude oil prices international market kept going down in international market, people were expecting a change of around 10 Rs in prices of petrol and high speed diesel. Since, govt have not […]

On Sunday, Jan 29, 2023 at 10:50 am, Ishaq Dar came on national television to make some announcement. These announcement included the increase in fuel prices, including both the prices of diesel and the petrol. To be exact, prices of both were increased by Rs. 35 per litre. Also the new prices of petrol, diesel and all other petroleum products gone into effect just 10 minutes after the announcement at 11:00 am. The new, increased prices of these petroleum products are as follows. Petroleum Product New Price Petrol Rs. 249.80 High Speed Diesel Rs. 262.80 Light Diesel Oil Rs. 187 Kerosene Oil Rs. 198.83 The current increase in petroleum prices are to meet the one of the demands of International […]

New petroleum product prices had to be implemented from tonight and people of Pakistan were expecting a relief in petroleum product prices, keeping in view the global oil price drop as well Pakistani Rupee (PKR) strengthening against United States Dollar (USD). However, Ishaq Dar, who is on tour of United States, in his tweet he has communicated that we are not changing the prices of petroleum products until 31 Oct, 2022. According to Ishaq Dar, Oil and Gas Regulatory Authority (OGRA) had recommended slight reduction in price of petrol and had recommended increase in price of other three petroleum products which include High Speed Diesel and Light Diesel as well. According to Ishaq Dar decision of no price change was […]