Petrol and Diesel Prices remain same for first fortnight of April 2023

Government of Pakistan reviews the petrol and high speed diesel prices in every 15 days. So on the every 1st and 16th of the month the new petrol and diesel prices are set. These new prices are in accordance with and to compensate with international crude oil prices. However, many other factors like govt taxes play a role in finalized prices. For the first fortnight of April 2023, from 1st April to 15th April, govt have decide to not change the diesel and petrol prices. However, as the crude oil prices international market kept going down in international market, people were expecting a change of around 10 Rs in prices of petrol and high speed diesel. Since, govt have not […]

Huge increase in the Petrol & Diesel prices announced

On Sunday, Jan 29, 2023 at 10:50 am, Ishaq Dar came on national television to make some announcement. These announcement included the increase in fuel prices, including both the prices of diesel and the petrol. To be exact, prices of both were increased by Rs. 35 per litre. Also the new prices of petrol, diesel and all other petroleum products gone into effect just 10 minutes after the announcement at 11:00 am. The new, increased prices of these petroleum products are as follows. Petroleum Product New Price Petrol Rs. 249.80 High Speed Diesel Rs. 262.80 Light Diesel Oil Rs. 187 Kerosene Oil Rs. 198.83 The current increase in petroleum prices are to meet the one of the demands of International […]

Petrol and diesel prices has been decreased effective immediately

From last few months the crude oil prices were decreasing in the international market. However, in this regard no relief was given to the people of Pakistan as local prices were not changed by the government. In Pakistan local fuel prices are recommended by Oil and Gas Regulatory Authority (OGRA) every fifteen days, however, prime minister makes the final decision. The finance ministry is also kept in the loop in this regard. Anyways, after months, finally the petrol and diesel prices have been decreased. These new prices will be effective immediately from Dec 16, 2022 to Dec 31 2022. Details of new reduced prices are as follows. Product New Price Old Price Reduced by Petrol Rs. 214.8 Rs. 224.8 Rs. […]

Prices of petrol and diesel to remain same for now, says Ishaq Dar

New petroleum product prices had to be implemented from tonight and people of Pakistan were expecting a relief in petroleum product prices, keeping in view the global oil price drop as well Pakistani Rupee (PKR) strengthening against United States Dollar (USD). However, Ishaq Dar, who is on tour of United States, in his tweet he has communicated that we are not changing the prices of petroleum products until 31 Oct, 2022. According to Ishaq Dar, Oil and Gas Regulatory Authority (OGRA) had recommended slight reduction in price of petrol and had recommended increase in price of other three petroleum products which include High Speed Diesel and Light Diesel as well. According to Ishaq Dar decision of no price change was […]

Petroleum prices decreased in Pakistan wef Oct 1, 2022

As the new month of October 2022 starts, Govt of Pakistan also got active and decided to pass on some benefit of reduction in global oil prices to the people of Pakistan. So following are the new prices of Petrol, Diesel and Kerosene oil. Petroleum Product New Price (Rs) Old Price (Rs) Difference (Rs) Petrol 224.80 237.43 -12.63 High Speed Diesel 235.30 247.43 -12.13 Kerosene Oil 191.83 202.02 -10.19 Light Diesel Oil 186.50 197.28 -10.78 New Petroleum Prices Effective From 1st Oct, 2022 People of Pakistan were eagerly waiting and expecting reduction in petroleum prices after the reduction in price of global Crude Oil prices. Some people including the Pakistan Muslim League Nawaz (PMLN) are attributing the reduction in petroleum […]