Tag: high-speed

Fuel Prices Expected to Rise by Up to Rs8.50 per Litre

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Petrol-price

In response to international market trends, fuel prices in Pakistan are anticipated to increase significantly, with petrol and high-speed diesel (HSD) likely to rise by approximately Rs2.50 and Rs8.50 per litre, respectively, starting Monday, April 15, for the next two weeks. These adjustments come despite a reduction in import premiums and a slight strengthening of the rupee against the dollar. The surge in international market prices, including a $4 increase per barrel for petrol and $4.50 for HSD over the past fortnight, is driving these price hikes. While the import…

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Petrol and High-Speed Diesel Prices Expected to Rise

Admin
Petrol-price

The prices of petrol and high-speed diesel (HSD) are anticipated to increase by Rs4-11 per litre for the next fortnight, starting from February 16. This hike is attributed to higher international prices and import premiums, offsetting the impact of a minor exchange rate gain. Sources familiar with the matter revealed that both petrol and HSD experienced an uptick in international market prices over the current fortnight. Additionally, Pakistan State Oil (PSO) faced higher import premiums on petrol despite a slight appreciation of the rupee against the US dollar. Consequently, the…

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OMC, dealers’ margin increased by up to 88 paisas

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Petroleum-prices

Govt is charging Rs50 per litre petroleum levy on diesel, Rs60 on petrol ISLAMABAD: The government has further increased the margin of oil companies and dealers on petrol and diesel, as a result of which complete relief on petroleum products could not reach the people. In the caretaker government’s first step of providing relief to the inflation-hit people, the prices of petroleum products had been reduced by up to Rs11 per litre, in a first major decline in two months on the back of a strengthened rupee. The new prices…

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