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Articles for tag: Diesel, Drop, expected, litre, ogra, Oil, oil prices, Petrol, prices

December 12, 2025

News Desk

Oil prices are expected to drop by Rs 12 per litre

Oil prices in Pakistan are expected to see a significant reduction of up to Rs 12 per liter from December 16, according to official sources. The relevant agencies have completed the initial calculations and the proposal is now awaiting official approval. Under the proposed adjustments, petrol is expected to become cheaper by 36 paisas per litre, while high-speed diesel may see a significant reduction of Rs 11.85 per litre. Similarly, the price of kerosene oil is likely to decrease by Rs 11.70 and light diesel oil by Rs 10.01 per litre. The Oil and Gas Regulatory Authority (OGRA) is scheduled

September 15, 2024

News Desk

The government announces a cut in petrol price by Rs 10 per litre

A worker holds a fuel nozzle to fill a car with fuel at a petrol station in Karachi on September 16, 2023. — Reuters High speed diesel reduced from Rs 262.75 to Rs 249.69. Higher fuel prices have a significant impact on budgets. High speed diesel is a major contributor to increased vegetable prices. The government has announced a cut of Rs 10 per liter in the price of petrol due to the fall in fuel prices in the international market in the last fortnight. “The Petroleum and Natural Gas Regulatory Authority (Ogra) has calculated the consumer prices of petroleum

August 31, 2024

News Desk

The government has reduced the price of petrol by Rs 1.86 per litre

Motorcyclists wait in a queue to fill their bikes’ fuel tanks at a petrol pump in Hyderabad on August 1, 2022. — APP The price of kerosene oil was reduced by Rs 2.15, light diesel by Rs 2.97. Petrol price reduced by Rs 16.5 per liter from July 30. Latest relief in oil prices third in a row. ISLAMABAD: The federal government on Saturday reduced the price of petrol by Rs 1.86 per liter for the next fortnight following the approval of Prime Minister Shehbaz Sharif. The new fuel prices will be effective from September 1, according to an official

June 30, 2024

News Desk

Petrol price in Pakistan increased by Rs 7.45 per litre

Workers at a gas station attend to customers in Islamabad, Pakistan, on February 16, 2022. — AFP/File Petrol price increased to Rs 265.61 per litre. Prices increased due to “increasing trend in the international market”. Taxes and duties remain unchanged, says the Finance Directorate. Islamabad: The federal government has raised the price of petrol in the country by Rs 7.45 per liter from Rs 258.16 to Rs 265.61 for the next fortnight, in line with an “increasing trend in the international market”. The Finance Department officially released the latest prices, which it said had been worked out by the Oil

June 12, 2024

News Desk

The maximum PDL limit on petrol and diesel has been increased by up to Rs 80 per litre

A worker holds a nozzle to pump gasoline into a vehicle at a gas station. — Reuters ISLAMABAD: Finance Minister Mohammad Aurangzeb on Wednesday presented the budget for the next financial year, proposing to increase the ceiling of petroleum development levy (PDL) on diesel and petrol by up to Rs 80 per litre. In his budget speech, the federal minister said the government would target a fiscal deficit of 6.9% of its GDP. As per the Finance Bill 2025, the maximum PDL limit for high speed diesel and petrol has been increased by Rs 20 to Rs 80 per litre.

February 13, 2024

News Desk

Diesel price may increase by Rs 8 per litre

Islamabad: After raising the price of petrol by Rs 13.55 per liter to Rs 272.89 from February 1, the caretaker government looks set to increase the rate of high-speed diesel (HSD) by Rs 8 per liter with effect from February 16 . Petrol price may also see a marginal increase of 80 paise per litre. According to calculations, the price of HSD will be increased due to the fluctuation of global oil prices. The price of diesel may increase from Rs 278.96 per liter to Rs 286.97 per liter in case the caretaker government hikes its price, depending on the

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