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Articles for tag: Afghanistan, Hamza Azhar Salam, Imran Khan, Pakistan, pakistan daily, Petroleum dealers, Petroleum prices likely to rise soon, Petroleum product, raja furqan ahmed, Shehbaz Sharif, The Pakistan Daily, TPD Investigations Desk, TPD Leaks

August 14, 2023

The Pakistan Daily

Petroleum prices likely to rise soon

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

August 16, 2022

The Pakistan Daily

Miftah Ismail defends petrol price hike, says no new tax imposed

ISLAMABAD: Finance Minister Miftah Ismail on Tuesday clarified that the government has not imposed a tax of even a single rupee on petroleum products. According to the details, Finance Minister defended the decision and said that the price increase will not affect the supply and demand cycle. He said the present government has averted default by taking difficult political decisions and a beginning has been made to put the economy on sound footing. Criticizing the economic policies of the PTI government, the Finance Minister said they left behind 10.3 billion dollars in foreign reserves and we have to return a

May 15, 2022

The Pakistan Daily

Govt decides not to hike prices of petroleum products

ISLAMABAD: Finance Minister Miftah Ismail on Sunday announced that the government has decided not to increase the prices of petroleum products. Addressing a press conference, Finance Minister said that the government is not hiking the price today (Sunday) and asked the public not to rush to petrol pumps in order to fill up their fuel tanks. Miftah Ismail said that Prime Minister Shehbaz Sharif does not want to hike the prices as he is against putting additional burden on the masses. He also claimed that incumbent government is funding subsidy provided by the PTI government and rejected statement of former

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