June 28, 2026
The government held petrol and diesel rates steady for the new fortnight despite falling global crude, instead pocketing the relief through a higher petroleum levy.
February 1, 2024
The interim government has increased the petrol price by Rs 13.55 per litre with effect from February 1, 2024. According to a notification issued on Wednesday, the price of petrol has surged by Rs 13.55 per liter, reaching Rs 272.89 per liter. Additionally, diesel prices have risen by Rs 2.75 per liter, now standing at Rs 278.96 per liter. Conversely, the price of kerosene has seen a slight decrease of 24 paisa per liter. The new price of light diesel oil has been set at Rs 166.86 per liter after an increase of Rs 2.3 per liter. Prior to this,
October 13, 2023
ISLAMABAD: Recent developments in global oil rates and the strengthening of the Pakistani rupee are expected to lead to a significant reduction in petrol and high-speed diesel (HSD) prices, possibly bringing them below Rs300 per liter in the upcoming review. The potential decrease, estimated at up to Rs38 per liter for petrol and up to Rs20 per liter for HSD, would mark the most substantial single drop in fuel prices in recent times. However, it should be noted that the caretaker government retains the discretion to decide on the final prices, especially in the case of high-speed diesel, which currently
April 15, 2023
ISLAMABAD: The federal government has increased the price of petrol by Rs10 and the price of kerosene oil by Rs5.78 “in the wake of increase in petroleum prices in the international market and exchange rate variations.” After this increase, the prices of petrol and kerosene oil have respectively risen to Rs282 per litre and Rs186.07 per litre. These fuels were earlier available at Rs272 and Rs180.29 per litre. According to a brief notification issued by the Finance Division in the wee hours of Sunday, the new prices will be effective from April 16 [today].
April 15, 2023
ISLAMABAD: The petrol price is likely to go up by Rs10 to 15 rupees per litre for the second half of April 2023. However, the cost of the high-speed diesel (HSD) may be raised by only 30 paisa. As per the federal government sources, the ex-depot price of petrol is expected to jump by Rs14.77 per litre, High-Speed Diesel (HSD) by Rs0.30 per litre while kerosene oil by Rs8.96 per litre and Light Diesel Oil (LDO) Rs3.36 per litre for the second fortnight of this month. The currently expected price hike of petroleum products is attributed to rising oil prices
August 12, 2022
ISLAMABAD: The prices of local petroleum products are likely to decrease by up to Rs15 per litre, bringing some relief to the people as crude oil prices have declined in the global market. On Thursday, the average price of US retail gasoline fell below $4 per gallon (3.78 litres) for the first time in months. The national average price for regular unleaded gas fell to $3.990 a gallon, according to the American Automobile Association. Gasoline prices peaked at a record $5.02 in June, pinching wallets and causing drivers to buy less fuel in July than they did during the pandemic
July 12, 2022
Prime Minister Shehbaz Sharif has directed to pass on the full benefits of the fall in oil prices in the global market to the people with full transparency. According to Prime Minister Office, in this regard Prime Minister Shehbaz Sharif sought a summary of the reduction in oil prices from the Ministry of Petroleum and the Ministry of Finance. Chairing a meeting on fuel prices, the Prime Minister said the people spent a difficult time, now they have the right to get full relief. He said we will take every step for the provision of relief to the masses who
June 30, 2022
ISLAMABAD: Prime Minister Shehbaz Sharif’s government increased petrol prices by 14.85 rs per litre, the fourth increase since the government assumed power. The new price of petrol is 248.74 rs per litre, according to a notification issued by the Finance Division. High Speed Diesel is now priced at 276.54, kerosene oil at 230.26 rs and light diesel at 226.15 rs. According to the notification: “The government has decided to partially apply the petroleum levy and revise the existing prices of petroleum products as agreed with the development partners.”
February 15, 2022
ISLAMABAD: The Government of Pakistan after the approval of Prime Minister Imran Khan has increased petrol prices by twelve rupees per litre. The new petrol price will be 159.86 per litre, an 8% increase from the previous price of 147.83 rupees per litre. Pakistan is currently undergoing severe levels of inflation with prices of basic goods including food items rising drastically. According to a press release issued by the Finance Division of the government of Pakistan, Prime Minister Imran Khan approved the recommendation of the increase in prices.
December 31, 2021
ISLAMABAD: Petrol prices have increased by 4 rupees per litre, taking the price per litre to 144.82 rupees. In a press release issued by the Finance Division, the new prices were announced to come into effect from 1st January, 2022. The increase in petrol prices was criticised on social media given the fact that the announcement was made late Friday night on the occasion of the new year. Pakistan has faced record inflation in 2021.
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