US EditionGovt Hikes Fuel Prices for Next Fortnight
- The Pakistani government raised petrol prices by Rs4.80 per litre and high-speed diesel by Rs7.95 per litre effective June 16, 2024.
- The price hike results from rising international crude oil prices, currency depreciation, government taxes, and levies, which fluctuate regularly affecting local fuel costs.
- The Finance Division issued a notification based on Oil and Gas Regulatory Authority's recommendations, setting petrol at Rs258.43 and HSD at Rs262.59 per litre.
- Starting July 1, a petroleum levy of Rs77 per litre and a carbon levy of Rs2.5 per litre will be applied to petrol and diesel as part of the government's commitment under an IMF arrangement.
- Stakeholders warn that these increases will raise living and business costs, potentially slowing economic growth and making Pakistani products less competitive globally.
15 Articles
15 Articles
SCCI asks govt to withdraw fuel tariff hike
A view of the Sarhad Chamber of Commerce and Industry building. — Sarhad Chamber of Commerce and Industry Website/FilePESHAWAR: The Sarhad Chamber of Commerce and Industry on Monday asked the government to withdraw the massive hike in the prices of petroleum products, saying that it would...
Pakistan hikes petrol, diesel prices in fortnightly review
KARACHI: Pakistan’s government has increased fuel prices, raising the rate of high-speed diesel (HSD) by Rs7.95 per liter and petrol by Rs4.80 per liter effective from today, Monday, an official notification from the finance division said. The notification set the price of petrol at Rs258.43 per liter, up from Rs253.63, while high-speed diesel will cost Rs262.59 per liter, up
Govt hikes fuel prices for next fortnight
The federal government has increased the prices of petroleum products by up to Rs7.95 per litre, according to a notification issued by the Finance Division late Sunday night. Based on the recommendations of the Oil and Gas Regulatory Authority (OGRA) and relevant ministries, the price of petrol has been raised by Rs4.80 per litre, while the price of high-speed diesel (HSD) has gone up by Rs7.95 per litre. Following the hike, the price of petrol …
With excise duties unchanged, the maximum permitted retail prices of gasoline, diesel and heating oil will be ...
Fuel Prices Go Up
• Petrol hiked by Rs4.80, diesel rates rise by Rs7.95 • Crisis deepens in Balochistan as supply from Iran disrupted • ME conflict worries global markets QUETTA/KARACHI: The federal government has jacked up the prices of both petrol and diesel, with their rates climbing by Rs4.80 and Rs7.95 per litre, respectively. According to a Finance Division notification issued on late Sunday night, the new prices had been determined “based on the recommenda…
Coverage Details
Bias Distribution
- 50% of the sources lean Right
To view factuality data please Upgrade to Premium
