Latest news with #Rs4.80
Express Tribune
3 days ago
- Business
- Express Tribune
Petrol prices likely to rise by Rs11 per litre
Petrol prices in Pakistan are expected to rise by Rs11 per litre, while diesel prices are set to increase by up to Rs15 per litre, starting July 1, 2025. These increases are attributed to the global surge in crude oil prices and the continued depreciation of the Pakistani rupee Read: Govt hikes fuel prices for next fortnight The Petroleum Division has confirmed the anticipated price hikes. The Oil and Gas Regulatory Authority (OGRA) is expected to send a summary to the Ministry of Petroleum today, with an official announcement of the revised prices expected later this evening. The Finance Minister, in consultation with the Prime Minister, will finalise and approve the new pricing structure. These expected hikes follow a recent increase in fuel prices that took effect on June 16, 2025. The price of petrol was raised by Rs4.80 per litre. Similarly, the price of high-speed diesel (HSD) increased by Rs7.95 per litre On the other hand, OGRA has officially issued a notification for a significant increase in gas prices for domestic and other consumer categories, with the new rates coming into effect from July 1, 2025. The move brings further financial pressure on inflation-hit citizens, as domestic gas tariffs have been revised upward by up to 50% in certain categories. Read more: Govt raises gas prices by 10% for commercial users According to the official notification, domestic gas prices have been revised substantially. For household consumers, the new rates will range from Rs200 to Rs4,200 per MMBTU. In addition to the unit-based charges, OGRA has introduced fixed monthly charges for domestic users. Also read: Fixed gas charges jacked up by 50%
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.
