Latest news with #Rs5.36
Express Tribune
6 days ago
- Business
- Express Tribune
Passenger train fares jacked up by 2%
The Pakistan Railways has made a 2% increase in the fares of passenger trains in view of a hike in the price of High Speed Diesel (HSD). This increase in fares will take effect from today, July 18. An undated office memorandum seen by The Express Tribune directed the director IT to ensure the announcement of the new fares on the PR website. The railways has also increased the rate of its freight trains transporting coal by 3% and the trains transporting rock phosphates and fertilizers by 2%. These hikes will apply from July 21. The government on Tuesday raised the prices of petroleum products by up to Rs11 per litre for the second half of July in a regressive step that is likely to exacerbate the economic hardships of people. According to a notification issued by the Finance Division on July 15, petrol price went up by Rs5.36 - from Rs266.79 to Rs272.15 per litre, while the price of the HSD rose by Rs11.37 per litre - from Rs272.98 to Rs284.35 for the July 16-31 period. This hike in the HSD price increased the cost of the PR operation by Rs4 million [39,86,500] per day and around R199 million [119,500,000] per month. On an average, the PR consumes around 350,000 litres of HSD on a daily basis.
Express Tribune
7 days ago
- Politics
- Express Tribune
Fuel price hike ignites opposition fury
Jamaat-e-Islami (JI) Karachi Ameer Monem Zafar Khan has strongly lambasted the government against the recent hike in petroleum prices. The JI leader on Wednesday vowed to hold protest against the government over the hike in prices of petroleum products, electricity, and sugar. Following the IMF budget, the recent hike in petrol and diesel prices would further open the floodgates for already ballooned inflation, he said. He said that the country would find the right path when an Islamic regime committed to a prosperous and peaceful Pakistan through democratic struggle runs the country. 'Anti-people decision' Grand Democratic Alliance (GDA) has rejected the recent hike in petroleum prices, calling it an anti-people decision. In a statement, the GDA Information Secretary Sardar Abdul Rahim strongly criticized the government for increasing fuel prices by Rs18.54 per litre within just one and a half months. The leader of the anti-PPP alliance said the government, instead of providing relief during difficult times, has pushed the public deeper into the trap of inflation. The GDA leader accused the coalition government of continuing their extravagant spending and luxuries while burdening people with fuel, electricity, and gas prices. The current regime has made people food insecure he said. Pakistan Markazi Muslim League Sindh President Faisal Nadeem strongly reacted to the recent hike in petrol prices and the alleged patronage of the sugar mafia by the government. He stated that the increase of Rs5.36 per liter in petrol is an extreme form of injustice against the public. Already burdened by inflation and unemployment, the people are now facing further hardship, which clearly reflects the government's anti-people policies. Pakistan Sunni Tehreek Central President Sahibzada Allama Bilal Abbas Qadri stated that instead of taking steps to reduce inflation, the rulers are actively contributing to its rise. He noted that whenever petroleum product prices increase, the prices of food and all essential commodities automatically go up. Wave of inflation The Korangi Association of Trade and Industry (KATI) has strongly criticized the recent hike in petroleum product prices, warning that it could devastate the industry and public. KATI President Junaid Naqi expressed concern over the rise in petrol and diesel prices, saying it will increase production costs and push industries to the brink of collapse. Naqi warned that if the government doesn't reverse the fuel price hike, industries will shut down, inflation will escalate, and unemployment will rise. He also noted that the hike has increased food prices, making it hard for people to bear daily expenses. FPCCI Policy Advisory Board Chairman Mian Zahid Hussain, said that the federal government's recent increase in petrol and high-speed diesel prices will trigger another wave of inflation for the general public. He emphasized that the rise in petrol prices will directly impact the middle and lower-income groups who rely on motorcycles, rickshaws, and small vehicles for transportation. Additionally, the hike in diesel prices will lead to increased costs in transportation, agricultural machinery, and essential food items.
Express Tribune
15-07-2025
- Business
- Express Tribune
Govt raises fuel prices again for next fortnight
Government has once again announced an increase in petrol and diesel prices, following a continued upward trend in global crude oil prices and growing economic challenges, according to a notification issued by the Finance Division late Tuesday night. The Finance Division confirmed that petrol prices have been raised by Rs5.36 per litre, while diesel prices have increased by Rs11.37 per litre. This revision will take effect immediately from July 16, impacting millions of motorists and transport operators across the country. The price of petrol has increased from Rs266.79 to Rs272.15 per litre, while high-speed diesel (HSD) now costs Rs284.35 per litre, up from the previous Rs272.98. The government stated that the rise in fuel prices is a result of fluctuating international market trends, which have driven up global oil prices. Fuel prices in Pakistan are reviewed fortnightly, with adjustments based on changes in international oil prices and the local currency exchange rate. On July 1, the federal government had increased petrol and diesel prices significantly for the first fortnight of the month, attributing the hike to global market volatility amid the 12-day Iran-Israel conflict. Read More: Govt sticks to the script, hikes fuel prices again Petrol rose by Rs8.36 to Rs266.79 per litre, and high-speed diesel by Rs10.39 to Rs272.98, based on the Oil and Gas Regulatory Authority's (OGRA) recommendation. Pakistan, which imports around 85% of its petroleum needs, was directly impacted by the Middle East crisis.
Business Recorder
15-07-2025
- Business
- Business Recorder
Govt hikes petrol price by Rs5.36, diesel by Rs11.37 per litre
The federal government on Tuesday hiked the price of petrol by Rs5.36 per litre for the next 15 days, raising it to Rs272.15. The rate for high-speed diesel was also increased by Rs11.37 per litre, taking it to Rs284.35 per litre. In a notification, the Finance Division stated that the new prices will take effect from July 16, 2025. In the last fortnightly review, the government had increased the petrol price by Rs8.36 per litre to Rs266.79, and diesel by Rs10.39 per litre, to Rs272.98.
