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Articles for tag: daily pricing, deregulation, Diesel, fuel, HSD, motor spirit, ogra, Pakistan, Petrol, Petroleum

OGRA July 21 Revision: Petrol Falls Rs0.35 to Rs315.80, Diesel Rises Rs5.71 to Rs360.06 in Split Daily Update

OGRA's July 21 daily petroleum price notification produced a split revision: petrol (motor spirit) fell Rs0.35 to Rs315.80 per litre, while high-speed diesel rose Rs5.71 to Rs360.06 per litre. The divergence reflects different movement in the international benchmark prices for the two products over the preceding seven-day average period. It is the fourth daily revision since the new OGRA mechanism came into force on July 18, and the first to show petrol and diesel moving in opposite directions.

Aaj English TV

Diesel Surges Rs31 to Rs354 Per Litre, Petrol Up Rs5.44 to Rs316 in Pakistan’s July 18 Revision

Pakistan's petroleum prices were revised sharply upward on July 18 under the new daily OGRA pricing mechanism, with high-speed diesel rising Rs31.05 per litre to Rs354.35 — one of the largest single diesel revisions on record — and petrol increasing Rs5.44 to Rs316.15. The hike is driven by elevated global oil prices attributable to the ongoing US-Iran conflict and Strait of Hormuz disruptions. The revised prices are effective July 18 to July 20.

Petrol Surges Rs13.18 to Rs310.71 as Petroleum Levy Hits Record Rs80 Per Litre; Diesel Up Rs13.80

Pakistan's government raised petrol prices by Rs13.18 per litre effective July 11, pushing the retail price to Rs310.71 — the highest in the country's history — while high-speed diesel rose Rs13.80 to Rs323.30 and kerosene increased Rs11.19 to Rs242.33. The petroleum development levy, which the government increased to a record Rs80 per litre, accounts for the bulk of the jump. The hike reverses the Rs1.97 cut of July 4 and reflects the surge in global crude prices following the US-Iran ceasefire collapse.

Petrol Surges Rs13.18 to Rs310.71 as Petroleum Levy Hits Record Rs80 Per Litre; Diesel Up Rs13.80

Pakistan's government raised petrol prices by Rs13.18 per litre effective July 11, pushing the retail price to Rs310.71 — the highest in the country's history — while high-speed diesel rose Rs13.80 to Rs323.30 and kerosene increased Rs11.19 to Rs242.33. The petroleum development levy, which the government increased to a record Rs80 per litre, accounts for the bulk of the jump. The hike reverses the Rs1.97 cut of July 4 and reflects the surge in global crude prices following the US-Iran ceasefire collapse.

Pakistan Observer

Petrol Price Review Due Tonight; Analysts Expect No Change at Rs297.53 Despite Global Oil Volatility

Pakistan's Oil and Gas Regulatory Authority is set to announce revised petrol and diesel prices tonight under the government's weekly review mechanism, with analysts expecting prices to remain unchanged at Rs297.53 per litre for petrol and Rs309.50 for high-speed diesel. The US-Iran ceasefire collapse has created fresh volatility in global crude markets, but recent movements have not been significant enough to require an immediate domestic revision. The July 10 announcement will take effect from July 11.

May 15, 2025

News Desk

ECC authorizes the relief of Rs4.12 per liter to gasoline, HSD prices

Finance Minister Muhammad Aurangzeb is chairing the Economic Coordination Committee (ECC) on May 7 in Islamabad. -Since Refineries and OMCs face perpetual losses. Final users will pay an additional RS85 billion. Govt twice increased the oil levy. ISLAMABAD: The Economic Coordination Committee (ECC) decided on Tuesday to transfer RS4.12 per liter of relief from reducing the prices of Pakistan Oilfields Limited (POL) products in refineries, OMCS (Oil Marketing Companies) and representatives for the upcoming two weeks. For the next 12 months, the decision to raise POL prices by RS4.12 per liter will remain in force, which will be adapted in

June 5, 2024

News Desk

Oil levy collection target exceeded

KARACHI: The government has collected more than Rs900 billion in oil development levy on the sale of petroleum products, surpassing the full-year collection target of Rs869 billion in 11 months of the current financial year. As demand for petroleum products surged to a nine-month high of 1.4 million tonnes in May 2024 on the back of lower prices, total consumption reached 13.8 million tonnes in July-May 2023-2024, according to Topline Research. Topline Research analyst Myesha Sohail said tax collection through PDL touched Rs 907 billion in 11 months of FY24, adding that “the government could realize Rs 990 billion to

December 15, 2023

News Desk

Govt cuts petrol price by Rs 14, HSD by Rs 13.50 per liter

The caretaker federal government cut the price of petrol by Rs 14 per liter and high-speed diesel (HSD) by Rs 13.50 per liter on Friday, providing much-needed relief to people who have borne the brunt of a severe economic crisis since then. mid 2022. The decline came after crude oil prices fell in international markets and the Pakistani rupee appreciated against the US dollar. According to a Finance Department release, the price of kerosene oil was reduced by Rs 10.14, while the prices of light diesel oil (LDO) were reduced by Rs 11.29 per litre. The new Petroleum prices for

ECC approves revision of HSD premium on fortnightly basis

ISLAMABAD: Economic Coordination Committee of the Cabinet has approved a summary on High-Speed Diesel and directed the concerned authorities to revise Gas Oil Premium on fortnightly basis.  Its meeting was held in Islamabad with Minister for Finance Shaukat Tarin in the chair. Petroleum Division submitted a summary on High-Speed Diesel and Gas Oil Premium, which was meant to facilitate and provide level-playing field to oil companies vis-à-vis PSO. Minister for National Food Security and Research Syed Fakhar Imam, Minister for Privatization Muhammad Mian Soomro, Federal Secretaries and other senior officials attended the meeting.

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