August 15, 2026
The Economic Coordination Committee approved a revision in dealers' margins on petrol and diesel, raising them by Rs1.34 to Rs9.98 a litre. Dealers called off a shutdown that was to have begun at 6am on Saturday.
July 25, 2026
OGRA raised petrol by Rs3.66 to Rs335.18 a litre and high-speed diesel by Rs4.80 to Rs383.46 for July 25 — the fifth increase since daily pricing began on July 17. In eight days the mechanism has added Rs28.71 to a litre of petrol and Rs42.89 to diesel, and dealers are asking for the policy to be reconsidered.
August 14, 2023
ISLAMABAD: As global commodity prices rise, Pakistan may raise petroleum prices by Rs14 to Rs24 per litre by the next bi-monthly review (August 16-31). As the international oil prices kept rising during the last 15 days, the government may raise rates by Rs14 per litre petrol and Rs24 per litre high-speed diesel (HSD). The government has already hiked petrol and HSD prices by nearly Rs20 with effect from August 1, 2023. The International Monetary Fund (IMF) loan conditions forced the government to pass on rising international commodity prices to local consumers. Over the past two weeks, refined product prices have
July 21, 2023
The Pakistan Petroleum Dealers Association (PPDA) announced a nationwide shutdown of fuel pumps on July 22, demanding an increase in profit margins due to the ongoing inflation crisis. Pakistan is currently grappling with a weakening currency and persistently high inflation, with the national rate reaching 29.4% in June. This comes after a record high of 38% in May. With over 10,000 members, the association stated that they have informed the petroleum minister about their concerns, but no action has been taken. The PPDA’s official statement highlighted that the operators’ businesses have been severely impacted by high-interest rates and inflation, warranting
July 13, 2022
ISLAMABAD: Finance Minister MIftah Ismail has said that the new petrol and diesel prices may be announced today. Talking to a private TV channel, he said that the Petroleum Division’s summary will be forwarded to Prime Minister Shahbaz Sharif immediately. The government notifies the prices of petroleum products every fortnight, however, this time the decision is announced a couple of days earlier. On Tuesday, PM Shahbaz asked the ministries concerned to move a summary suggesting a reduction in petroleum prices.
February 27, 2022
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
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.
November 26, 2021
ISLAMABAD: Petroleum dealers ended their strike after successful talks with the government. Petrol pumps opened across the country. According to the Petroleum Dealers Association, the government has promised to increase the profit to 4.4 per cent. Petroleum dealers had demanded a profit margin of 6%. Abdul Sami Khan said that they are ending the strike considering the anxiety of the people.
Editor — Hamza Azhar Salam · Write to us with suggestions or tips
The Pakistan Daily
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