Tag Archives: Fuel Prices

Oil Industry Concerns Over Restrictive Pricing The oil industry in Pakistan has raised serious concerns over the restrictive pricing of motor fuels, which has reportedly caused significant financial losses. The Oil Companies Advisory Council (OCAC), representing refineries and oil marketing companies (OMCs), expressed these concerns in a letter to the Oil and Gas Regulatory Authority (OGRA) chairman. The council warned …

Pakistan Government Reduces Fuel Prices for October 2024 On Monday, the federal government of Pakistan announced a reduction in fuel prices that will come into effect starting October 1, 2024. This reduction brings relief to the general public and businesses alike, as fuel prices have a significant impact on transportation and inflation. Petrol Price Cut The price of petrol has …

Introduction For the third consecutive fortnight, the prices of major petroleum products—petrol and high-speed diesel (HSD)—are anticipated to decrease by approximately Rs5-6 per litre. This reduction is primarily attributed to the declining international market rates for the fortnight commencing September 1. International Market Influences Informed sources have indicated that the prices of petrol and HSD have fallen in the international …

Expected Price Cuts Pakistan might experience a notable reduction in fuel prices soon, with potential cuts of up to Rs12 per litre for various petroleum products. Industry sources suggest that petrol prices could decrease by over Rs9 per litre, while high-speed diesel (HSD) may see a reduction of up to Rs8.50 per litre. Kerosene oil might also become cheaper, with …