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Articles for tag: Govt, hike, levy, liter, mulls, Oil

June 9, 2024

News Desk

Govt mulls hike in oil levy from Rs 60 to Rs 80 per liter

A large number of vehicles stand in a queue to fill their vehicle’s petrol tanks at a petrol pump in Islamabad on May 24, 2022. — Online The government is considering hiking gas duties, imposing another levy on pol products. The Ministry of Finance refuses to allocate a financial grant for the IMF check. The move is aimed at addressing the Rs 2.9 tr circular debt in the gas sector. ISLAMABAD: In its bid to tackle the issue of rising cyclical debt, the federal government is working on practical proposals, including increasing oil levy on petrol (Mogas) and diesel from

May 15, 2024

News Desk

Govt cuts petrol price by Rs 15.39 per liter for next fortnight

A representational image of a fuel machine at a filling station. — Reuters The price cut comes in light of the significant drop in fuel prices in the international market. Petrol price reduced from Rs 288.49 to Rs 273.10 per litre. New prices will apply from May 16 until the following fortnight. In a major relief to the inflation-hit country, the federal government has approved a massive cut of Rs 15.39 per liter in petrol price for the next fortnight, in line with global oil prices. Petrol price was reduced from Rs 288.49 to Rs 273.10 per liter after the

April 30, 2024

News Desk

Petrol price reduced by Rs 5.45 per liter for the next fortnight

A worker holds a fuel nozzle to fill a car with fuel at a petrol station in Karachi, September 16, 2023. — Reuters Diesel price was reduced by Rs 8.42 per liter to Rs 281.96 per litre. The new fuel prices come into effect from midnight (May 1). The price cut comes in light of falling crude oil prices in the global market. Petrol price in Pakistan has been reduced by Rs 5.45 per liter from Rs 293.94 to Rs 288.49 for the next fortnight, as per the recommendations of the Oil and Gas Regulatory Authority (Ogra). The new fuel

April 30, 2024

News Desk

Government likely to cut petrol price by up to Rs 5, diesel by Rs 8 per liter

A gas station worker changes the price of petroleum products in this undated picture. — AFP/File The Ministry of Finance will take a final decision after consultation with the Prime Minister. The world market records a decrease in crude oil prices. Currently, the government charges Rs 60 per liter along with an additional levy. ISLAMABAD: The federal government is likely to cut petroleum prices with petrol and diesel prices expected to come down by up to Rs 5 per litre, sources said Geo News on Tuesday. Due to the fall in crude oil prices in the global market in the

April 15, 2024

News Desk

Petrol price increased by Rs 4.53 per liter for the next fortnight

A person uses a fuel nozzle to refuel a car at a gas station in Vienna, Austria, March 18, 2022. — Reuters The new fuel prices will be effective from April 16. POL products have shown growth in the last fortnight. The government reviews fuel prices every 15 days. The federal government has increased the price of petrol for the next fortnight by Rs 4.53 per litre, in line with the rise in global oil prices. According to a notification issued by the Finance Department late on Monday, the price of high speed diesel (HSD) has also been increased by

March 30, 2024

News Desk

More misery for masses as petrol price likely to rise by Rs 10 per liter

A worker holds a fuel nozzle to fill a car with fuel after the government announced an increase in petrol and diesel prices, at a petrol station in Karachi, Pakistan, September 16, 2023. — Reuters Gasoline price likely to rise amid soaring global prices. High-speed diesel is expected to be reduced by Rs 1.30 per litre. The new petrol prices will be affected from 1st April (Monday). KARACHI: An expected hike in the price of petrol is set to burden the masses, already crushed by inflation, in the upcoming fortnightly oil price review, The news reported on Saturday. According to

January 30, 2024

News Desk

Petrol prices may swell by over Rs 7 per liter from February 1

International markets are reacting strongly to the attacks on ships, which is why the price of gasoline has skyrocketed A worker holds a fuel nozzle to fill a car with fuel at a petrol station in Karachi on September 16, 2023. — Reuters Petrol prices may increase by Rs 7.85 per litre. High speed diesel is expected to increase by Rs 2.06 per litre. Rising prices mainly due to tension in the Middle East. Islamabad: The outgoing caretaker government is expected to increase the prices of petroleum products from February 1, 2024, for the first fortnight of next month, The

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

December 15, 2023

News Desk

Fuel prices are expected to be reduced by Rs 13 per liter from December 16

Government to announce final petrol price after exchange rate adjustment, industry officials say A petrol station worker fills petrol on a motorbike at a petrol pump in Karachi on September 1, 2023. — PPI Possible decrease due to falling global gasoline prices. Petrol price may go up to Rs 268.24 per litre. The government will announce the final price after adjusting the exchange rate. KARACHI: Fuel prices in Pakistan are expected to decline by around Rs 13 per liter in the next fortnightly review due to the significant fall in global oil prices in the last two weeks, The news

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