Tag: petrol

  • Petrol, Diesel prices to remain unchanged till April 15

    The government has decided to maintain the existing prices for petroleum products for the fortnight. Petroleum prices will remain unchanged from April 1 to April 15, as per a statement released by the finance division.

    Petrol is currently priced at Rs149.86 per liter, while diesel, kerosene oil, and light diesel are priced at Rs144.15, Rs125.56, and Rs118.31 per liter, respectively.

    Following an increase in global market prices at the time, the government approved a record-breaking Rs12.03 per liter hike for petrol on February 15. Surprisingly, on February 28, the government decreased POL prices by Rs10 per liter, to lessen the impact of existing inflation on the public.

    The Oil and Gas Regulatory Authority (OGRA), on the other hand, has raised the price of liquefied petroleum gas (LPG) by Rs13 per liter.

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    After an increase of Rs157 per domestic cylinder and Rs606 per commercial cylinder, the prices of domestic and commercial LPG cylinders have been fixed at Rs2,916 and Rs11,220, respectively, for April 2022.

    Conversely, in the aftermath of the Russia-Ukraine conflict, the international market saw massive volatility as crude oil prices reached new highs.

  • Car prices in Pakistan expected to increase by 15 per cent

    Three prominent automakers in Pakistan including Suzuki, Honda, and Hyundai are expected to announce a price hike within two weeks, due to the depreciation of the rupee against the US dollar and rising prices of imported raw materials.

    Analysts expect car prices to increase by up to 15 per cent. It is worth noting that Pak Suzuki and Kia Lucky Motors have already announced a price hike for their vehicles.

    Experts predict that more auto assemblers and Original Equipment Manufacturers (OEM) are expected to jump on the price hike bandwagon.

    Considering the imminent price hike, Suzuki Bolan may witness an increase of Rs. 172,000 in its current price of Rs. 1.17 million, which will cost Rs. 1.35 million after the hike.

    The all-new Honda Civic Vti Oriel 2022 which costs Rs. 5.4 million is expected to be priced at Rs. 6.2 million after a massive increase of Rs. 810,000 in its current price.

    Hyundai’s only sedan, the 2.0 Hyundai Elantra GLS after getting the expected hike will cost Rs. 5.1 million as compared to its current price of Rs. 4.4 million.

    Read more: ‘Hamaray paas paisa ziada aya hai’: PM Khan reveals reason for slashing petrol, diesel prices

    Rising inflation and hefty petrol prices have immensely impacted the lives of people, as it has forced several car owners to switch to a two-wheeler for daily commuting.

  • ‘Hamaray paas paisa ziada aya hai’: PM Khan reveals reason for slashing petrol, diesel prices

    ‘Hamaray paas paisa ziada aya hai’: PM Khan reveals reason for slashing petrol, diesel prices

    Prime Minister (PM) Imran Khan on Wednesday revealed the reason for giving relief to Pakistanis in terms of reduction in electricity charges and petrol prices as the country now has more money.

    Addressing a ceremony to launch the disbursement of interest-free loans for people of low-income groups under the Kamyab Pakistan Programme, the premier said, “This time we collected record tax in Pakistan. And because of this, I reduced the prices of petrol and oil.”

    “Hamaray paas paisa ziada aya hai [We have more money now]. The more tax you will pay, the more I will utilise all of it to uplift the poor in the country. This is my promise to the nation,” said PM Khan.

    Imran Khan regretted that Pakistan in the past could not achieve its due place in the comity of nations because it “did not pursue the ideology for which it was created”. He noted that the “nations that forget their ideology never succeed”.

  • Govt drops petrol bomb, average car’s 35 litres now costs Rs 5,600 per litre

    Govt drops petrol bomb, average car’s 35 litres now costs Rs 5,600 per litre

    The government has increased the price of petrol by Rs12.03/litre, diesel Rs9.53/litre, kerosene Rs10.08/litre and light diesel oil (LDO) by 9.43/litre. The new rates will be effective from today (February 16) and will be revised at the end of the month.

    As per the press release issued by the Government of Pakistan’s Finance Division, the prime minister has considered the recommendation to increase the prices of petroleum products in line with changes in the international oil prices.

    The previous price of petrol was Rs147.83 per litre.

    According to Reuters, oil prices jumped to a seven-year high on Monday when the United States (US) warned that Russia could soon invade Ukraine.

    Russia is one of the world’s largest oil and gas producers, and fears that Russia could invade Ukraine have driven the rally in oil closer to $100 per barrel, a level not seen since 2014.

    Last month, PM Imran Khan rejected the summary of increasing prices of petroleum products in the public interest.

  • Petrol price likely to go up by Rs13 today, price at Rs160 per litre

    Petrol price likely to go up by Rs13 today, price at Rs160 per litre

    Petroleum prices are expected to increase across Pakistan from today (Tuesday) in the wake of Russia-Ukraine hostilities, reports Geo News.

    The price of petrol and fuel are likely to increase by Rs13 per litre and diesel by Rs18 per litre. The current price of petrol is Rs147.83 per litre, the price of High-Speed Diesel (HSD) stands at Rs144.62 and Light Diesel Oil (LDO) at Rs114.54 per litre.

    According to Reuters, oil prices jumped to a seven-year high on Monday when the United States (US) warned that Russia could soon invade Ukraine.

    Russia is one of the world’s largest oil and gas producers, and fear that Russia could invade Ukraine has driven the rally in oil closer to $100 per barrel, a level not seen since 2014.

    However, no official notification by the government has been released yet.

    Last month, Prime Minister (PM) Imran Khan rejected the summary of increasing prices of petroleum products in the public interest.

  • After iPhones, car prices also increase as govt imposes new taxes

    After iPhones, car prices also increase as govt imposes new taxes

    The Sindh Excise and Taxation Department has issued a notification on Friday regarding the increase in the tax on vehicles with higher engine capacity.

    According to the notification, the tax on cars over 1,000cc has been increased to Rs100,000 from the existing Rs50,000. People who buy vehicles ranging between 1,001cc to 2,000cc will have to pay Rs200,000 tax compared to the existing Rs100,000 while those of 2,001cc and above will pay Rs400,000 in taxes.

    Some of the revised car prices, as per ARY News, are:

    Suzuki Alto VX price has been increased by Rs 32,000. Now it costs around 13 lac.

    Suzuki Alto VXL price has been increased by Rs 43,000. The current price stands around Rs17 lac.

    Suzuki Cultus VXR price has been increased by Rs126,000. The vehicle now costs about Rs20 lac.

    Suzuki Cultus VXL price has been increased by Rs139,000. The price has gone around Rs2,244,000 (22 lac, 40 thousand).

    Corolla Altis Grande X CVT 1.8 B price has been increased by Rs100,000. The new price is Rs4.2 million.

    The manual version of Corolla Altis X 1.6 price has been increased by Rs81,000. Its new price is Rs3.38 million.

    The price of Fortuner 2.7 G has been increased by Rs390,000. The SUV is now available at Rs8.56 million.

    The price of Fortuner Legender Diesel saw the highest increase of Rs493,000 (4 lac and 93 thousand). This vehicle will now cost around Rs10.84 million.

    The price of the Hyundai Elantra has seen an increase of Rs4lac. The vehicle now costs around Rs44 lac.

    Apart from cars, iPhones from abroad are now being subjected to 17% sales tax instead of a fixed sales tax.

  • All petrol pumps will be closed, petroleum dealers announce strike on Nov 25

    The Pakistan Petroleum Dealers Association (PPDA) has announced a countrywide strike on November 25 for selling petrol “on low-profit margins”, reports The News.

    The association’s spokesperson said that all petrol pumps across the country, including Kashmir and Gilgit Baltistan, will remain closed on November 25 (Thursday).

    He said the strike could extend to an “unspecified period” if the government continues to ignore the association’s demands.

    According to him, “We have no other option but to go on strike as the government has failed to meet the November 17 deadline for the fulfilment of our demands.”

    Previously, the association had made a similar announcement for November 5 but withdrew after a team from the government agreed to increase margins on the sale of petroleum products by six per cent.

    However, there has been no progress ever since.

    PPDA Chairman Abdul Sami Khan said petroleum dealers have been in a difficult position due to the high cost of business and low margins. He said that the government guarantees a margin of only 2 per cent on sales of fuel oil in the face of rising electricity tariffs.

    “We demand the government to cancel our petrol pumps licences. Nearly 50 per cent of the petrol pumps will close down permanently with licence cancellation as no one will reapply for acquisition”.

    Earlier this month, the government had announced the rise of up to Rs 8.14 per litre of petroleum products.

  • Pakistan breaks 70-year inflation record in three years: report

    Pakistan breaks 70-year inflation record in three years: report

    Inflation in Pakistan has broken a 70-year record in the last three years, with food prices doubling, while the prices of ghee, oil, sugar, flour, and poultry have reached historic levels, reports The News.

    According to the Federal Bureau of Statistics (FBS) report, electricity rates have increased by 57 per cent from Rs 4.06 per unit to at least Rs 6.38 per unit, from October 2018 to October 2021.

    “By the first quarter of October, the price of an 11.67 kg cylinder of LPG had gone up by 51 per cent from Rs1,536 to Rs 2,322. Similarly, the price of petrol had gone up by 49 per cent in three years from Rs 93.80 per litre to Rs138.73 per litre,” says the report.

    “The price of edible ghee increased by 108 per cent to Rs 356 per kg.”

    “Sugar has increased by 83 per cent in three years and the price of sugar sold at Rs 54 per kg exceeded Rs100,” according to the report.

    “The price of a 20 kg bag of flour has gone up by 52 per cent to Rs1,196 in three years.”

    “The price of chicken remained at Rs 252 per kg from October 2018 to October 2021, however, chicken meat is being sold at Rs 400 per kg in the markets.”

    “The cost of chicken eggs has also increased by 47 per cent to Rs170 per dozen.”

  • Uncle distributes free petrol to celebrate birth of niece

    Uncle distributes free petrol to celebrate birth of niece

    A petrol pump owner from the Indian state of Madhya Pradesh announced that he would give away free petrol to celebrate the birth of his niece.

    According to The Indian Express, the pump owner, Deepak Senani’s sister gave birth to a baby girl on October 9 in Madhya Pradesh’s Betul district. After getting the happy news, Senani announced to give away free petrol.  

    Talking to the Indian media, the girl’s uncle said: “When the idea came to my mind, I was afraid that people might think it was an advertisement for my petrol pump, but I later shook off the idea and gave customers extra petrol as an expression of happiness.”

    Read More: Man snatches woman’s earrings to fund birthday party

    Senani said that he noticed that more customers came between 9-11am and 5-7pm, so “I decided to provide 5-10% extra petrol at that time.”

    According to the report, Senani gave 5% extra fuel to those who bought petrol worth Rs100, while 10% extra petrol was given to those who bought petrol of Rs200-500.

  • Rickshaw Drivers Union warns govt to reduce fuel prices in 24 hours

    Rickshaw Drivers Union warns govt to reduce fuel prices in 24 hours

    Members of the Awami Rickshaw Drivers Union organised a protest against the increase in fuel prices in Lahore, Samaa has reported. The protesters threatened the government to hold an indefinite sit-in if the government did not lower gasoline and natural gas rates.

    Chairman of the Rickshaw Union, Majeed Ghori, stated that if the government does not reduce fuel prices in the next 24 hours, they will hold sit-ins at city’s busiest junctions, disrupting traffic. He also warned that they would protest outside the Chief Minister House.

    Read more- Petrol price goes up by Rs10.49 per litre

    The federal government on Saturday issued a notice to increase the price of petrol by Rs10.49 per litre.