Fuel prices likely to increase
The estimated increase includes Rs6.60 per litre increase in petrol and Rs5.27 per litre (1.9 percent) rise in High-Speed Diesel (HSD). However, other petroleum products - kerosene oil and Light Diesel Oil (LDO) - may witness reductions of Rs3.74 (2 percent) and Rs2.23 per litre (1.3 percent), respectively.
The estimates are based at Rs78.02 per litre Petroleum Levy (PL) and CSL on petrol and Rs77.01 per litre PL/CSL on HSD. Inland Freight Equalization Margin (IFEM) is assumed at Rs8.89 per litre on petrol and Rs6.04 per litre on HSD. Exchange rate adjustment on petrol may be Rs3 per litre on petrol and Rs2 per litre on HSD.
Govt hikes petrol price by Rs8.36, diesel by Rs10.39 per litre
According to the estimates, the premium on petrol is $9.68 per bbl and $3.25 per bbl on HSD.
The Oil and Gas Regulatory Authority (OGRA) will finalise its recommendations on 15 July based on the latest global market trends and government's budgetary target of PL and carbon tax and Finance Division will announce new petroleum prices.
In case the estimates of oil industry implements, the price of petrol would go up from Rs266.79 per litre to Rs273.39 per litre and HSD's price would rise from Rs272.98 to Rs278.25 per litre.
On July 1, the federal government has increased petrol and HSD prices significantly attributing the hike to global market volatility amid the Iran-Israel war. Petrol increased by Rs8.36 to Rs266.79 per litre, and HSD by Rs10.39 to Rs272.98, based on OGRA's recommendation.
Pakistan imports refined petrol around 85 percent of its petroleum consumption and 15 percent crude oil.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
4 days ago
- Business Recorder
Ogra holds seminar to initiate comprehensive digital platform
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has conducted a seminar at its headquarters to formally initiate a comprehensive digital platform to fully digitise Pakistan's oil supply chain and is at highly advanced stage of the development. The digitisation will cover the import terminals to the fuel dispensing stations, in a move aimed at eliminating inefficiencies, curbing pilferage, and restoring public trust in the energy sector. In a decisive statement, Ogra Chairman, Masroor Khan, affirmed: 'Pakistan's oil sector must embrace digitisation — fully and without delay. From the point of import to the petrol pump, every link in the supply chain must be digitally monitored. Digitisation is essential not just for operational efficiency, but also for national transparency and integrity.' The Ogra is committed to leading this transition and will not tolerate any obstruction, whether deliberate or due to neglect. 'Let me be clear: any obstruction to digitisation — whether by design, neglect, or vested interest — will be addressed firmly. We cannot allow outdated systems to hold back national progress,' the chairman added. Under this initiative, every component of the oil supply chain — including refineries, storage terminals, tank lorries, Oil Marketing Company (OMC) depots, and retail fuel stations — will be brought under a unified digital oversight framework. This real-time monitoring system will allow for improved tracking, better data integrity, and enhanced regulatory control. OGRA clarified that this initiative is not a proposal, but a regulatory mandate. 'Digitisation is now a legal requirement. Clear timelines and enforceable penalties will ensure compliance. All stakeholders must align with this transformation or face regulatory consequences.' This bold move positions Pakistan among progressive nations that are integrating technology with energy regulation to enhance national efficiency, reduce economic losses, and build public confidence, the Ogra spokesman said. Copyright Business Recorder, 2025
Express Tribune
4 days ago
- Express Tribune
NA body asks ministries to get ISO certification
Commending the Establishment Division and Finance Division on attaining ISO 9001 certification, the National Assembly Standing Committee on Cabinet Secretariat has recommended that all the ministries should follow the suit and get them certified as per international certification standards. The recommendation was given in a meeting of the NA Standing Committee held on Tuesday with Malik Ibrar Ahmad, MNA in the Chair, said a press release. The Committee met for briefing on the working on Establishment Division and its attached/associated departments apart from pending legislative business.
Business Recorder
19-07-2025
- Business Recorder
Federal govt notifies grant of compensatory allowance
ISLAMABAD: The government on Friday notified grant of compensatory allowance for federal government employees. Finance Division issued an office memorandum which stated that federal government has granted Disparity Reduction Allowance (DRA-2025) at the rate of 30 percent of the running basic pay as on 30-06-2022 to those offices which are already in receipt of that allowance. DRA is accounted for the calculations of compensatory allowance to federal government employees who are serving on deputation basis as per terms and conditions prescribed in Finance Division's OMNoF.3(14)R-3/2009-477, dated 29-11-2023, i.e. the amount of DRA will be reduced from the amount of Compensatory Allowance. It is requested that offices which are in receipt of DRA and they have officers who are drawing Compensatory Allowance on 1st July, 2025, the amount of Compensatory Allowance of those officers may be reduced by the amount of DRA-2025 at the rate of 30 per cent w.e.f. 1st July, 2025. Ministries/Divisions are requested to circulate these instructions to departments/autonomous/semi-autonomous/corporate bodies etc under their administrative control, for compliance. The copy of this OM is being endorsed to Controller General of Accounts and AGPR for implementation of this decision,' the memorandum noted. Copyright Business Recorder, 2025
