Tag: diesel

  • Petrol price goes up by Rs 5 per litre

    The federal government has issued a notice to increase the price of petrol by Rs 5.0 per litre and diesel by Rs 5.1 per litre, reported Geo News.

    Apart from this, the prices of kerosene and light-diesel oil (LDO) have also been increased by Rs 5.46 and Rs 5.92 per litre, respectively. Now the new price for petrol will be Rs. 123.30 per litre, diesel will be 120.4 per litre, kerosene will be 92.26 per litre and LDO will be 90.69.

    Earlier the price of petrol was increased by Rs 5 per litre in July.

    According to Finance Minister, Shaukat Tarin the prices will be implemented from today (Thursday).

  • Petrol price up by Rs3.20/litre after govt approves another hike in January

    Petrol price up by Rs3.20/litre after govt approves another hike in January

    The government on Friday decided to increase the price of petrol and diesel by Rs3.20 per litre and Rs2.95 per litre, respectively, for the months of January and February.

    The price of kerosene oil has been hiked by Rs3, while light diesel prices have been increased by Rs4.42, reported Geo News.

    This is the second time that the government hiked the prices of petroleum products in a month. Earlier this month, there was an increase of Rs2.31 and Rs1.80 in the prices of petrol and diesel, respectively.

    “While considering relief for the people, Prime Minister Imran Khan approved the minimum possible increase in prices of petroleum products against OGRA’s [Oil and Gas Regulatory Authority] recommendations,” a Prime Minister’s Office (PMO) press release had said at the time.

    OGRA had sought an increase of Rs10.68 in petrol price and Rs8.37 in diesel price, whereas it asked the government to increase the price of kerosene oil by Rs10.92 and light diesel oil (LDO) by Rs14.87.

    The price of Liquefied Petroleum Gas (LPG) had also increased earlier this month. According to OGRA, the LPG prices were raised by Rs16 per kg amid an increase in demand.

    With the increase, the LPG cylinder for domestic users will be up by Rs188 and commercial users by Rs722.

    It may be noted here that the consumers are already facing a shortage of gas nationwide and have to rely on LPG cylinders instead.

  • OGRA to drastically cut down petrol prices

    OGRA to drastically cut down petrol prices

    The prices of petroleum products are expected to decrease substantially for the month of March, DAWN reported.

    According to reports, the price of Dubai Crude — a medium sour crude oil extracted from Dubai — came down from $62 per barrel to $50 on Friday.

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    Similarly, the benchmark International Brent price reduced from $60 a barrel to $51 a barrel. 

    As per existing tax rates, the Oil & Gas Regulatory Authority (OGRA) calculated about Rs15 per litre reduction in the prices of high-speed diesel (HSD) and petrol. 

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    The authorities concerned have proposed different rates but Prime Minister’s Delivery Unit (PMDU) had proposed scaling down the price of HSD from Rs127 to Rs100 per litre. 

    The officials reportedly advised PM Imran Khan that reduction in HSD price would go a long way in bringing down the rate of inflation because it was the primary source of transportation and agriculture in the country.

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    Moreover, the price of diesel is lower than petrol in many countries because of its inflationary impact. A drastic reduction in pricing structures to comply with PM’s directives will be problematic and certainly not an easy task.