Latest news with #Rs253.63
Express Tribune
16-06-2025
- Business
- Express Tribune
Fuel prices jacked up
Listen to article The federal government on Sunday raised the fuel prices for the next fortnight. According to a notification issued by the Finance Division, petrol has been increased by Rs4.80 per litre and high-speed diesel (HSD) by Rs7.95 per litre. The hike follows recommendations from the Oil and Gas Regulatory Authority (OGRA) and other relevant ministries. With the increase, petrol now costs Rs258.43 per litre, up from Rs253.63, while HSD is priced at Rs262.59 per litre, rising from Rs254.64. The new rates came into effect at midnight on June 16. The government cited fluctuations in international oil markets and the rupee's exchange rate as key reasons for the adjustment, in line with Pakistan's fortnightly fuel price review mechanism. Additionally, the government is focusing more on collecting petroleum levy in order to redirect it to subsidize electricity prices. The government has already decided to increase petroleum levy rate up to Rs90 per litre on the sale of oil products.
Business Recorder
15-06-2025
- Business
- Business Recorder
Govt increases petrol price by Rs4.80, diesel by Rs7.95 per litre
The federal government on Sunday increased the price of petrol by Rs4.80 per litre for the next 15 days, raising it to Rs258.43 from Rs253.63 per litre. The rate for high-speed diesel was also increased by Rs7.95 per litre, taking it to Rs262.59 from Rs254.64 per litre. Israel's attacks on Iran: Pakistan govt may fall short of Rs1,161bn PL target In a notification, the Finance Division stated that the new prices will take effect from June 16, 2025. In the last fortnightly review, the government had increased the petrol price by Rs1.00 per litre to Rs253.63, effective from June 1, 2025.
Business Recorder
15-06-2025
- Business
- Business Recorder
Govt increases petrol price by Rs4.8, diesel by Rs7.95 per litre
The federal government on Sunday increased the price of petrol by Rs4.80 per litre for the next 15 days, raising it to Rs262.59 from Rs254.64 per litre. The rate for high-speed diesel was also increased by Rs7.95 per litre, raising it to Rs258.43 from Rs253.63 per litre. Israel's attacks on Iran: Pakistan govt may fall short of Rs1,161bn PL target In a notification, the Finance Division stated that the new prices will take effect from May 16, 2025. In the last fortnightly review, the government had increased the petrol price by Rs1.00 per litre to Rs253.63, effective from June 1, 2025. However, the rate for high-speed diesel (HSD) will remain stable at Rs254.64 per litre for the next two weeks.
Express Tribune
15-06-2025
- Business
- Express Tribune
Govt hikes petrol price 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 has increased from Rs253.63 to Rs258.43 per litre. Similarly, the new price of HSD now stands at Rs262.59 per litre, up from the previous Rs254.64. The revised prices came into effect immediately from June 15. The government cited international market trends as the basis for the adjustment. Fuel prices in Pakistan are reviewed fortnightly, depending on global oil prices and the local currency exchange rate.
Express Tribune
01-06-2025
- Business
- Express Tribune
Petrol price up by Re1, LPG down by Rs4.62/kg
Listen to article The federal government has raised the petrol price by Re1 for the next fortnight, while keeping the high-speed diesel rate unchanged. The new prices will be applicable from June 1. According to a notification issued by the Finance Department, petrol will now be sold at Rs253.63 per litre while high speed diesel (HSD) will continue to be sold at Rs254.64 per litre. The finance ministry said that the prices were based on recommendations from OGRA and other relevant ministries. The government is focusing more on collecting petroleum levy on petroleum products to redirect to subsidize electricity prices. It had earlier decided to fund Rs1.70 per unit subsidy for the consumers of electricity by redirecting PL collection. It also later decided to redirect PL collection to fund canal and road projects in Balochistan province. The government has already decided to increase the petroleum levy rate up to Rs90 per litre on the sale of oil products. At present, the consumers are paying Rs78 per litre in petroleum levy on petrol and Rs77 per litre on diesel. LPG The Oil and Gas Regulatory Authority (Ogra) has reduced the price of Liquefied Petroleum Gas (LPG) for June 2025 in response to fluctuations in the global market. According to an Ogra notification, the new consumer price of LPG has been set at Rs2,838.31 per 11.8 kg cylinder, down from Rs2,892.91 in May. This reflects a decrease of Rs54.60 per cylinder, or Rs4.62 per kilogram. The regulator attributed the price reduction to a 2.67% drop in the Saudi Aramco Contract Price (CP), which directly impacts local LPG producer rates. Additionally, a slight 0.35% increase in the average dollar exchange rate was recorded. For June, Ogra has set the revised producer price at Rs199,234.49 per ton, which stood at Rs203,861.82 in May - causing a decline of Rs4,627.33 per ton. Irfan Khokhar, Chairman of the All Pakistan LPG Distributors Association, welcomed the reduction in LPG prices and urged the government to ensure that the official price set by Ogra is strictly enforced.
