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Petrol

PoL production increases 6.34% in February

ISLAMABAD: The production of petroleum products witnessed an increase of 6.34 percent during the month of February 2022 as compared to the corresponding month of last year (February 2021), the Pakistan Bureau of Statistics (PBS) reported. The petroleum products that

Petroleum Ministry seeks data from OMCs for petrol import from China

ISLAMABAD: The ministry of petroleum has asked all oil marketing companies (OMCs) to submit data on the import of petrol from China. According to details, the ministry has sent a letter to Oil Companies Advisory Council (OCAC) asking it to

Federal govt slashes prices of petroleum products

ISLAMABAD: The federal government on Wednesday has reduced the price of petrol. Special Assistant to Prime Minister Imran Khan for Political Affairs, Dr Shahbaz Gill said that the price of petrol has been reduced by Rs 5 per litre after

Govt increases levy on petrol and diesel by Rs4 per litre

ISLAMABAD: The federal government of PTI, while deciding to maintain the prices of petroleum products from December 1, has increased the levy of petrol and diesel by Rs 4 per liter. According to the details, despite the decline in crude

Petroleum division suggests increase in margin of OMCs

ISLAMABAD: Petroleum division on Thursday has suggested 71 paisa per liter increase in the margin of oil marketing companies. Sources told that the authorities have recommended to hike OMC margin on petrol by Rs3.68 from Rs2.97 and Rs3.68 on high

Dealers strike: Petrol pumps observe countrywide strike

The strike of Pump Dealers Association in different cities of the country including Rawalpindi, Islamabad, Lahore, and Karachi has begun from today which resulted in a petrol crisis. According to details, the Petrol Pump Dealers Association has announced a nationwide

Price of petrol, diesel increased by Rs8 per litre

ISLAMABAD: The government early on Friday morning increased up the prices of petrol and diesel by more than Rs8 per litre. According to a notification issued by the Finance Division, the price of petrol has been increased by Rs8.03 to

Why have petroleum and essential products become more expensive in Pakistan?

According to a notification issued by the Interior Ministry today, the prices of petroleum products have hiked while the prices of essential commodities are already increased. The question is, why was it necessary to make essentials more expensive? The increase

High petrol prices

The government has increased the price of petrol for the second time this month. A litre of petrol is now being sold at an all-time historic price of Rs127.30. Yet, the government claims that petrol prices are the lowest in

Govt absorbs high petrol prices to provide relief: Shaukat Tarin

ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin said the increase in petroleum prices is caused by higher oil prices in international market and the government passed on minimum increase in prices to consumers. Talking to media along with Minister

Petrol prices increased due to rise in global oil market: Hammad Azhar

ISLAMABAD: Federal Minister for Energy Hamad Azhar has said that the prices of petrol products in Pakistan are still lower than in most countries. In a message on Twitter last night, Energy Minister Hamad Azhar said that raising the prices

Petrol prices expected to rise by Rs5.25 per litre

ISLAMABAD: The price of petrol is expected to increase by Rs5.25 per litre from October 1. According to reports, Oil and Gas Regulatory Authority (OGRA) has sent a proposal to the Finance Division recommending an increase in the price of

Rising food prices

The government has increased the price of petrol by Rs5.40 per litre, reaching the highest level in the history of the country. The claims of providing relief to the masses will be pushed aside as the prices of essential commodities

Petrol prices increased by Rs2 per litre

ISLAMABAD: The price of petrol will increase by Rs2 per litre starting July 1 (tomorrow) across the country. This was stated by Special Assistant to Prime Minister of Pakistan on Political Communication Shahbaz Gill. He said that the Oil and

Petroleum consumption increases by 17.6% in fiscal year

ISLAMABAD: The country’s consumption of petroleum products has increased from 12.5 million ton (MT) to 14.7 MT during first nine months (July-March) of the current fiscal year, posting a growth of around 17.6 percent. According to the Economic Survey 2020-21

Petroleum prices likely to be reduced by Rs2 per litre

ISLAMABAD: The prices of petroleum products are expected to be reduced by up to Rs2 per litre. The Oil and Gas Regulatory Authority (OGRA) has forwarded a summary to the Petroleum Division seeking revision of fuel prices for the next

OGRA recommends massive hike of Rs20 in petroleum products

ISLAMABAD: The Oil and Gas Regulatory Agreement (OGRA) has once again recommended a massive hike of up to Rs20 per litre in the price of petroleum products from March 1. According to a summary sent to the Prime Minister’s Office,

Oil import bill shrinks by 20.90% to $5.64bn

ISLAMABAD: The oil import bill witnessed a reduction of 20.90 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The oil imports during July-January (2020-21) were recorded at $5640.751

Decision of hiking petroleum prices by Rs.16 to be taken today

KARACHI: The decision to increase petroleum products (POL) significantly from Tuesday, as the Oil and Gas Regulatory Authority (OGRA), has forwarded its summary in this regard to the Petroleum Division will be taken today. According to sources, OGRA has recommended

OGRA recommends massive hike in petroleum prices

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has recommended increasing the price of petroleum products up to Rs12 per litre from February 1. The regulatory has sent a summary to the Petroleum Division recommending increasing the price of petrol by

Local POL production increases by 1.57% during July-October

ISLAMABAD: Overall production of petroleum commodities has witnessed an increase of 1.57 percent during the first four months of the current financial year 2020-21 as compared to the corresponding period last year. POL products that showed positive growth include Kerosene

Britain to ban new petrol cars and vans by 2030

LONDON: Britain will move up a ban on new petrol and diesel cars and vans to 2030 and is eyeing 250,000 new jobs as part of a green industrial revolution. Prime Minister Boris Johnson made the announcement to meet Britain’s

Petrol prices to remain steady till Oct 15

ISLAMABAD: The government on Wednesday decided to maintain the price of petrol for the next fifteen days.  Oil and Gas Regulatory Authority (OGRA) has recommended reducing the petrol prices in the country from October 1-15. The price of diesel has

Petroleum prices to be revised on fortnightly basis

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet has approved a proposal by the Ministry of Energy for revision of prices of petroleum products on a fortnightly instead of the existing monthly basis. The ECC chaired by Adviser to

Petrol price hike

The government has imposed a massive hike in petroleum prices with immediate effect. The historic increase of 33 percent is unprecedented and shows the government’s incompetence and surrender in front of the mafias and cartels that rule the country. The

Hike in petroleum prices challenged in LHC

LAHORE: The fresh hike in prices of petroleum products has been challenged in the Lahore High Court (LHC) on Saturday over claims that the requisite procedure was not followed. The petition, filed by advocate Muneer Ahmed, stated that the increase

OGRA chairman responsible for petroleum crisis: LHC

LAHORE: Lahore High Court on Wednesday expressed immense disappointment over the performance of Oil and Gas Regulatory Authority (OGRA) chairman. While hearing a case related to petroleum shortage, Chief Justice Lahore High Court (LHC) Muhammad Qasim Khan remarked that the

Petrol supply to improve within three days: Omar Ayub

ISLAMABAD: Federal Minister for Petroleum Omar Ayub on Thursday said that supply of petroleum products would improve in the next three days and the crisis will be resolved. The federal minister was speaking to media outside the Peshawar High Court

Fuel shortages

An unusual situation has been observed leading to a shortage of petrol and diesel at fuel stations across the country adding to the miseries of people. The government has reduced the price of petrol but people still have to endure

Minister warns of action against OMCs creating petrol shortage

ISLAMABAD: Minister for Petroleum Omar Ayub Khan said the government has decided to take stern action against oil marketing companies (OMCs) and dealers creating artificial shortage of petroleum products. In a tweet, the minister said that it has been decided