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Articles for tag: APPOA, daily pricing, deregulation, Diesel, fuel, ogra, Pakistan, Petrol, Petrol pump, Petroleum, strike

July 19, 2026

Frontpage.dev

Pakistan Today

All Pakistan Petrol Pump Owners Reject Daily Pricing Deregulation; Threaten Nationwide Pump Strike Next Week

The All Pakistan Petrol Pump Owners Association has rejected the government's daily petroleum pricing mechanism introduced on July 18, warning it will launch protests and a nationwide strike as early as next week if the decision is not withdrawn. The threat comes a day after Petroleum Minister Ali Pervaiz Malik chaired a stakeholder meeting at which the Oil Companies Advisory Council and oil marketing companies broadly supported the deregulation direction. The mechanism, under which OGRA publishes daily prices based on a seven-day Platts average, represents the first major restructuring of Pakistan's fuel pricing system in two decades.

April 15, 2023

The Pakistan Daily

Govt hikes petrol price by Rs10 per litre

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].

October 31, 2022

The Pakistan Daily

Petroleum prices to remain unchanged for the next 15 days

Finance Minister Ishaq Dar announced on Monday that the price of petroleum products will remain unchanged for the next 15 days, while the deadline to file income tax returns has been extended to November 30. Dar also said that the government, after a discussion with the State Bank of Pakistan (SBP), will clear the pending letters of credit with the limit from November 1 being enhanced to $100,000 from the current $50,000. He made the announcement in a video message in Islamabad. Dar said that the decision to keep petroleum prices unchanged was made with the approval of Prime Minister

September 1, 2022

The Pakistan Daily

Govt jacks up petrol price by Rs2.07 per litre

ISLAMABAD: The government has increased the petrol price by Rs 2.07 per litre and diesel price by Rs2.99 per litre. The new prices came into effect from today (September 1, 2022). After the increase in prices, the new petrol price will be Rs235.98 per litre while diesel will be sold at Rs247.43 per litre. The price of kerosene oil was also increased by Rs10.92 per litre to Rs210.32 per litre. The price of light diesel oil was also increased by Rs9.79 per litre. The new price of light diesel will be Rs201.54 per litre.

August 16, 2022

The Pakistan Daily

Petrol prices increased by 6.72 rs despite fall in intl prices

ISLAMABAD: Despite falling oil prices on the global market, the government on Monday approved a 6.72 rupee per litre rise in the price of petrol. As a result, the new price of petrol will be Rs. 233.91 a litre. A notification issued by the Finance Division said that in the wake of fluctuations in petroleum prices in the international market and exchange rate variation, the government has decided to revise the existing prices. The price of petrol (MS) has been increased by Rs. 6.72 per litre, while the price of high-speed diesel (HSD) has been decreased by Rs. 0.51. The

August 12, 2022

The Pakistan Daily

POL prices likely to go down by Rs15 per litre

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

The Pakistan Daily

PM Shehbaz seeks summary for reduction in prices of petroleum products

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

May 26, 2022

The Pakistan Daily

Govt to increase petrol price by 30 RS per litre from tonight

ISLAMABAD: The federal government has increased the price of petrol by around Rs30 per litre from tonight. Federal Finance Minister Miftah Ismail told a press conference that the IMF program could not move forward without raising the prices of petroleum products. The finance minister noted some burden was shifted on the masses, but despite the massive increase in the price of petroleum products, the government was still bearing losses.  Earlier today, the International Monetary Fund (IMF) urged Pakistan to end subsidies on electricity and petroleum products to revive the program. According to a statement issued by the IMF, the IMF

February 27, 2022

The Pakistan Daily

Petrol prices likely to hit all-time high in Pakistan

ISLAMABAD: The prices of petroleum products are expected to witness a huge increase for the next half of March as crude oil rates have gone up in the international market following Russia’s attack on Ukraine. Sources said the price of petrol might move to the Rs180 per litre mark for the first time in history, as the rising international market rates might prompt the government to increase the price of petrol. The price of crude oil was around $94 a barrel on 16 February and Russia’s invasion of Ukraine has pushed prices past $100 a barrel for the first time

November 23, 2021

The Pakistan Daily

Petroleum rates to go up Rs4.95 per month, says Shaukat Tarin

ISLAMABAD: Advisor to the PM on Finance and Revenue Shaukat Tarin has said that the petroleum levy will have to be increased by Rs4 per litre each month. Addressing a press conference along with Federal Minister for Energy Hammad Azhar on Monday, he said that the tax net will have to be increased along with the business environment. The minister said that the matters with the International Monetary Fund (IMF) had been resolved and Pakistan would get US$1 billion. “The IMF has asked to continue the tax reforms. We have accepted it, which will increase the difficulties of the weak

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