Petroleum sales in Pakistan decline 8pc YoY in August 2023
Sharp drop in sales was predominantly attributed to a staggering 64 percent YoY reduction in Furnace Oil (FO) sales
Sharp drop in sales was predominantly attributed to a staggering 64 percent YoY reduction in Furnace Oil (FO) sales
Finance ministry says pol prices decreased in the wake of variation in international market, improvement in exchange rate
Finance ministry says decision comes following rupee's continuous winning streak against dollar
Reduction attributed to falling global oil prices and exchange rate for Pakistani rupee against the US dollar
The new prices will come into effect from 12am (tonight, November 16)
Prices of petroleum products will be effective from Jan 16
Increase in prices is being considered due to fluctuations in global oil prices
Potential cut in petroleum prices follows a downward trajectory in international market
Surge comes on the heels of a relentless uptick in global oil rates
Decision comes as response to what association alleges is a decrease in allotted oil quota by Antamiya
Spox expresses optimism that resolution of crisis in region would alleviate pressure on global oil prices
International per barrel prices stand at $104.76 for diesel and $107.16 for petrol
New prices of petroleum will be effective for next fortnight
Globally, oil witnesses downward trend plummeting by $6.32 per barrel
Govt expected to announce revised tariff for petroleum products on May 31
Development levy on petrol likely to increase from Rs 60 to Rs 80 per litre
This will be first price revision since budget for fiscal year 2024-25
New prices will be effective from July 1 for the next fortnight
OGRA also issues price hike notification
Decision comes following deliberations aimed at alleviating the hardships faced by the public
OGRA currently finalising its recommendations, which will be submitted to Finance Minister Ishaq Dar.
Anticipated decrease follows a notable dip in global crude oil prices
New petroleum prices will be applicable from Sept 16
Exact figures for upcoming price adjustment have yet to be finalised
Reductions in petroleum prices will be effective for next fortnight
New petroleum prices will be effective for next fortnight
New petroleum prices will be effective for next fortnight
IMF proposes GST on petroleum products and increasing Petroleum Development Levy (PDL)
Price adjustments proposed based on current tax rates, with exchange rate effects reportedly kept zero