Category: Popular News

Govt Raises Petrol Price by Rs5.36, Diesel by Rs11.37 Amid Revenue Push

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Petrol-Price

ISLAMABAD: The federal government has increased the price of petrol by Rs5.36 per litre and high-speed diesel (HSD) by Rs11.37 per litre for the upcoming fortnight, taking the new prices to Rs272.15 for petrol and Rs284.35 for HSD. The Finance Division, in a press release issued Tuesday, said the hike was based on recommendations from the Oil and Gas Regulatory Authority (Ogra) and other relevant ministries. Prices of kerosene and light diesel oil remain unchanged. Petrol, widely used by motorcycles, rickshaws, and private vehicles, directly affects household budgets, especially those…

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Govt hikes petrol price by Rs5.36, high-speed diesel by Rs11.37

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The federal government on Tuesday hiked the price of petrol by Rs5.36 per litre and that of high-speed diesel (HSD) by Rs11.37 for the next fortnight. A press release from the Finance Division said the revised prices were based on recommendations by Ogra and concerned ministries. The new petrol price is Rs272.15 per litre and Rs284.35 for HSD. The press release did not mention any changes in the prices of kerosene and light diesel oil. According to informed sources, the ex-depot price of petrol was projected to rise by about two…

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Mohammad Aamir Khan Appointed Acting MD of ISGS as Bajwa’s Term Ends

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Oil-and-Gas

ISLAMABAD, July 2025 — Following the expiration of Nadeem Bajwa’s contract as Managing Director of Inter-State Gas Systems (ISGS) on June 30, the company’s Board of Directors has appointed Mohammad Aamir Khan, currently serving as Chief Financial Officer (CFO), as the Acting Managing Director under an interim arrangement. “Yes, I have received charge from Nadeem Bajwa as Acting Managing Director, as the process for appointing a regular MD is in its final stages,” Aamir confirmed to The News. Established in 1996, ISGS is a wholly owned subsidiary of Government Holdings…

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Fuel prices expected to rise for next 15 days

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Petroleum prices

At the time of reporting, the proposed hike includes a Rs6.60 per litre increase in petrol and a Rs5.27 per litre rise in high-speed diesel (HSD). Conversely, the prices of kerosene and light diesel may see reductions of Rs3.74 and Rs2.23 per litre, respectively. The Oil and Gas Regulatory Authority (OGRA) has completed its work based on the latest global market trends, and a final summary will be submitted to the government by tomorrow. The oil industry has already shared its calculations with the regulator. Sources confirmed that the final…

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Oil steadies near three-week high on signs of tighter supply

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Oil falls

LONDON: Oil prices steadied on Monday, holding close to their highest level in three weeks, as investors eyed further U.S. sanctions on Russia that may affect global supplies, while tariff uncertainty weighed. Brent crude futures rose 16 cents, or 0.2%, to $70.52 a barrel by 1326 GMT, while U.S. West Texas Intermediate crude futures climbed 12 cents, also 0.2%, to $68.57. Higher crude imports by China and expectations around U.S. President Donald Trump’s announcement on Russia are supporting prices, UBS analyst Giovanni Staunovo said. “There is still a perceived tightness…

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