Prime Minister Shehbaz Sharif on Friday jacked up prices of both high-speed diesel (HSD) and petrol by Rs26.77 per litre despite no increase being required in the rates of petrol. The premier imposed a nearly Rs27 per litre additional tax on the fuel to push its price higher. Accordingly, the HSD price has been fixed at Rs380.19 per litre, up from Rs353.42 per litre. This marks a 7.5% increase. Diesel prices are still significantly lower than their peak of Rs520.4 on April 10. Diesel is considered the most inflationary fuel…
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Trump Signals Possible Islamabad Visit as Pakistan Leads Push for US–Iran Deal
WASHINGTON: US President Donald Trump has hinted at a possible visit to Islamabad if a final peace agreement between the United States and Iran is successfully concluded there, expressing optimism over ongoing negotiations. Speaking to reporters at the White House, Trump said, “If a deal is signed in Islamabad, I may go. They want me,” indicating confidence in Pakistan’s role as a key mediator in the talks. He claimed that Tehran had accepted “almost everything” under negotiation, though he reiterated Washington’s demand for the dismantlement of Iran’s nuclear programme. Trump…
Read MoreThe Power Division spokesperson has issued an important clarification regarding the Peak Hours Relief Strategy.
The statement explained that no load management is being carried out in HESCO (Hyderabad Electric Supply Company) and K-Electric under the 2.25-hour peak hours relief plan. This is due to the availability of low-cost power generation in the southern region and its supply to these two distribution companies. The spokesperson noted that furnace oil-based generation does not significantly impact these areas. In addition, sufficient electricity from alternative sources is available in the south. Since this electricity is primarily supplied to HESCO and K-Electric, it has been decided not to subject…
Read MorePM Shehbaz cuts petrol price by Rs12, diesel by Rs135 per litre
Prime Minister Shehbaz Sharif addresses the nation, April 10, 2026. ISLAMABAD: Prime Minister Shehbaz Sharif on Friday announced a cut of Rs12 in petrol price and Rs135 in diesel rate, citing reduction in global oil prices. In a televised address, the prime minister said the new fuel prices will take effect from April 11. The Petroleum Division issued a notification reducing petrol prices by Rs11.83 and diesel by Rs134.81 per litre, setting new rates at Rs366.58 and Rs385.54, respectively. The price of kerosene has been reduced by Rs17.33 per litre…
Read MorePetrol prices in Pakistan could drop by Rs 30-60 per litre
Petrol prices in Pakistan are expected to decrease by Rs 30 to 60 per litre following a fall in international oil rates, triggered by the ceasefire between Iran and the United States. According to media reports, the Prime Minister of Pakistan, Mian Muhammad Shehbaz Sharif, has issued special instructions to ensure that the benefits of lower global oil prices reach the public. “The finance and petroleum ministries have started considering over reduction in fuel prices,” reports said. Authorities are closely monitoring crude oil prices for the next two days before…
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