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Articles for tag: Hamza Azhar Salam, miftah ismail, Pakistan, pakistan daily, Petrol, petrol price in pakistan, The Pakistan Daily, TPD Investigations Desk

June 15, 2022

The Pakistan Daily

Miftah drops 24 rs petrol bomb on poor Pakistanis

ISLAMABAD: Finance Minister Miftah Ismail raised petrol prices by a further 24 rupees. This is the third increase in petrol prices as the current PMLN-led coalition government has previously raised the petrol prices by 60 rs in two increases. After the increase in prices, new petrol price will be Rs235.79 per litre while diesel will be sold at Rs204.15 per litre. He said that the new prices will come into effect from 12am on June 15. Earlier it was reported that Prime Minister Shehbaz Sharif has rejected a summary to increase in the prices of petroleum products. Sources privy to the finance

June 2, 2022

The Pakistan Daily

Govt increases petrol prices by 30 rs ‘AGAIN’

ISLAMABAD: The federal government has approved a hike in petrol prices by a further 30 RS taking the total to 209.86 RS per litre. According to the details, 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. 

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

April 17, 2022

The Pakistan Daily

Production of petroleum products increases by 6.34% in February

The production of petroleum products witnessed an increase of 6.34 per cent during the month of February this year as compared to the corresponding month of last year. According to a report of the Pakistan Bureau of Statistics,  the Petroleum products that contributed in positive growth in production included jet fuel, the output of which increased by 27.29 per cent. Meanwhile, the overall production of petroleum commodities during July to February of the current fiscal year witnessed an increase of 0.30 per cent as compared to the corresponding period of the last fiscal year.

February 28, 2022

The Pakistan Daily

PM Khan slashes petrol prices by 10 rs per litre, electricity 5 rs per unit

Prime Minister Imran Khan has announced slashing prices of petroleum products and electricity to provide massive relief to the people. In his address to the nation on Monday, he said prices of petrol and diesel will be reduced by ten rupees per litre and electricity by five rupees per unit. The Prime Minister also announced to award internships to all jobless graduates worth 30,000 rupees per month. He said 26,000 scholarships, costing 38 billion rupees will be given to students. He said his recent visits to China and Russia will have a far-reaching impact on the country’s economy. The Prime

February 14, 2022

The Pakistan Daily

OGRA recommends Rs8.50 hike in fuel price

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has recommended an Rs 8.50 per litre increase in the price of petrol. The authority forwarded a summary to the Petroleum Division in which it suggested increasing the price of petrol by Rs8.50 per litre from for the next 15 days. It also recommended an increase of Rs5.5 per litre in the price of high-speed diesel. The final decision in this regard will be taken by the Ministry of Finance after consultation with Prime Minister Imran Khan. Earlier on January 31, Prime Minister Imran Khan rejected a summary to increase the petrol price

December 31, 2021

The Pakistan Daily

Petrol prices increase by 4 rupees per litre from Jan 1, 2022

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.

December 15, 2021

The Pakistan Daily

Prices of petroleum products likely to decrease up to Rs 4

ISLAMABAD: The federal government is expected to decrease the prices of petroleum products by up to Rs 4 across the country from December 16. According to sources, there is a possibility of a reduction in the prices of petroleum products. Petroleum products can be decreased by Rs 3 to 4 per litre. The decision regarding prices will be taken by Prime Minister Imran Khan. Sources further said that how much relief will be given to the people, will be based on levy and sales tax adjustment and with less increase in levy and sales tax, people can get relief of

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

November 5, 2021

The Pakistan Daily

Govt increases petrol price by Rs 8.03 per litre

ISLAMABAD: The federal government on Thursday night has announced a massive price hike in petroleum products, increasing petrol price by Rs 8.03 per litre with immediate effect. According to a notification issued in this regard, the new price of petrol will be Rs 145.82 per litre against the current rate of Rs 137.79 per litre. The price of high-speed diesel (HSD) has also been enhanced by Rs 8.14 per litre and will now cost Rs142.62 per litre. The price of kerosene oil was also increased by Rs 6.27 per litre to Rs 116.53 per litre. In addition, the price of

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