Tag: petroleum prices Pakistan

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 […]

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 […]

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 […]

Recently many news sources and websites have reported that Government of Pakistan is considering deregulation of Petrol and Diesel prices. In fact the date that is set for deregulation is November 1, 2022. This will mean that Oil Marketing Companies (OMCs) like Shell, PSO, Total, Attock Petroleum and all others will be able to set Petroleum Product prices themselves. As for now Govt of Pakistan sets the prices of Petrol and High Speed Diesel etc. After prices are deregulated all OMCs including the Govt’s own Pakistan State Oil (PSO) will themselves set the petrol prices. Currently a Government owned Petroleum Regulatory Body called “Oil and Gas Regulatory Authority (OGRA)” sets the prices of major petroleum products specially Petrol and High […]