Tag: petrol price

Yemen Attacks on Ships: Rising Tensions Lead to Petrol Price Hike

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Yemen Attacks on Ships

The recent escalation of attacks on commercial ships in the Red Sea by Yemen’s Houthi rebels has triggered global concerns, particularly regarding fuel prices. With major shipping routes under threat, oil transportation has been disrupted, leading to fears of a surge in petrol prices. Impact on Global Oil Supply The Red Sea is a crucial transit point for oil shipments from the Middle East to Europe and other parts of the world. Any disruption in this area forces oil tankers to take longer, more expensive routes, such as around the…

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Petrol price in Pakistan reduced by Rs15.39 per litre: Check May 2024 New Rates

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petrol-price

ISLAMABAD – The federal government government on Wednesday lowered price of petrol by Rs15.39 for May 2024, and the new rate stands at Rs273.1. The price of petrol, and diesel were lowered on the recommendation of Oil and Gas Regulatory Authority (OGRA). In a notification, the Finance Ministry said price of petrol move down up by Rs15.39 to Rs273.10 a liter, while that of diesel dropped by Rs7.88 to Rs.274.08 per litre. The drop in fuel prices comes in the backdrop of changes in international market rates. Petrol Price in Pakistan May 2024 Fuel Types Price Petrol Rs273.10…

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Consumers face petrol shortage at pumps before next week’s strike

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Petrol-pump

Consumers in Karachi, Islamabad and other cities have faced a shortage of petrol at some fuel stations, just two days after petroleum dealers announced that they would observe a nationwide strike the next week.All Pakistan Petroleum Dealers Association or APPDA, a body representing pump owners, is demanding a hike in dealers’ margin on the sale of petrol.On Tuesday, APPDA Chairman Abdul Sami Khan held a press conference in Islamabad to demand the increase. He said the pump owners’ expenditure, including salaries of the staff, had tripled due to inflation but…

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