GrowUp Pakistan’s Post

Petrol and diesel prices in Pakistan are set to rise by Rs3 per litre from January 16 due to a surge in global oil prices. Crude oil prices have reached a three-week high due to supply concerns and rising energy demand. The Finance Division will announce the new prices after approval from Prime Minister Shehbaz Sharif. The price increase follows a previous hike in December 2024, when petrol rose by Rs0.56 and diesel by Rs2.96 per litre. #PetrolPriceHike #DieselPriceIncrease #GlobalOilPrices #PakistanEconomy

Petrol and diesel prices in Pakistan are expected to decrease from May 1, following a drop in international oil prices. Industry experts anticipate a decrease of Rs7.85 for diesel and Rs3.75 for petrol due to a $4.3 dip in diesel and a $1.86 dip in gasoline per barrel globally. However, uncertainty remains due to ongoing volatility in global oil prices, and the government's decision-making process considers various factors including global oil prices, currency valuation, fuel consumption, and supply costs of state-owned entities like Pakistan State Oil. #clickmepakistan #petrolprice #inflation #government #pricedrop

Pakistan is likely to see a decrease in petrol and diesel prices starting October 1, as the federal government considers passing on the relief from a drop in global oil prices. According to sources, the new prices are expected to be lowered by Rs 1 to 3 per litre for petrol and diesel, providing much-needed relief to consumers. This price reduction follows a trend in recent weeks, where petrol prices were already slashed by Rs 10 per litre on September 15. With Brent crude oil prices decreasing, the government is now preparing to announce further cuts after securing approval from the Prime Minister. . . #Brandsynario #PetrolPrice 

Pakistanis are likely to see a reduction in petrol and diesel prices in the upcoming fortnightly review on September 15. Reports indicate that prices could drop by approximately Rs10 per litre for both petrol and high-speed diesel, provided the government does not increase the petroleum levy. This expected decrease follows a $5 per barrel decline in global oil prices, which strengthens the case for lower fuel costs. Currently, petrol is priced at Rs259.1 per litre, while diesel stands at Rs262.75 per litre. The potential price cut is aimed at easing inflationary pressures on middle and lower-income households, although its effect on transportation costs and essential goods may vary. #PetrolPrices #DieselPrices #FuelCostReduction #PakistanEconomy #InflationRelief #MiddleClassSupport #TransportationCosts #smartnewspk

Petrol Prices Expected to Increase in Pakistan from 16 December Petrol and diesel prices in Pakistan are expected to rise starting December 16 due to increasing international oil rates. US crude oil is now priced at $68.05 per barrel, while British Brent stands at $71.85 per barrel. The Oil and Gas Regulatory Authority (OGRA) has submitted recommendations for the price adjustment to the federal government, with an announcement expected on December 15. Last month, petrol and high-speed diesel prices were increased by Rs. 3.72 and Rs. 3.29 per liter, respectively. The new hike may impact transportation costs and inflation, further straining household budgets. #Dailymagazine #PetrolPrice #Pakistan #FuelPrices #December16 #PriceHike #PakistanNews #Economy #FuelIncrease #OilPrices

Petrol prices in Pakistan are likely to go down further from November 1 amid decline in global oil prices, The fuel prices in the global market have decreased by $1.5 and $2.5 per barrel respectively in the last 15 days. Keeping in view the current exchange rate and current tax rates, the government is likely to provide relief to masses by reducing the prices of petrol and HSD by Rs3 and Rs2.30 per liter, respectively. In the global market, the price of petrol fell from $77.5 per barrel to $76 per barrel, while the price of HSD fell by $ 2.5 to $ 84 a barrel. Earlier on October 15, the price of diesel was increased by Rs5 whereas the price of petrol remained unchanged at Rs247.03 till the end of ongoing month. The prices of light diesel and Kerosene oil also remain unchanged. Earlier, it emerged that the federal government of Pakistan was also mulling to increase the profit margin for oil companies by Rs1.35, raising it to Rs9.22 per litre. For petrol dealers, the proposed increase was Rs1.40, bringing their margin to Rs10.04 per litre. #PetrolPrices #PakistanEconomy #FuelPrices #OilMarket #PriceReduction #GlobalOilPrices #EconomicRelief #HSD #DieselPrices #Gasoline #PetrolUpdate #ConsumerRelief #FuelSavings #GovernmentPolicy #MarketTrends #PakistanNews #OilIndustry #EconomicNews #CostOfLiving #FuelEconomics

Pakistanis are likely to see a drop in petrol and diesel prices once again in the upcoming fortnightly review on September 15. Reports suggest a decrease of around Rs10 per litre for both petrol and high-speed diesel, unless the government decides to increase the petroleum levy. Global oil prices have fallen by about $5 per barrel recently, which supports this expected reduction. Currently, petrol is priced at Rs259.1 per litre and diesel at Rs262.75 per litre. The anticipated price cut aims to ease inflation pressures on middle and lower-income families, though its impact on transportation fares and essential goods may vary. #Pakistan #FuelPrices #Petrol #Diesel #EconomicRelief #Inflation

Pakistanis are likely to see a drop in petrol and diesel prices once again in the upcoming fortnightly review on September 15. Reports suggest a decrease of around Rs10 per litre for both petrol and high-speed diesel, unless the government decides to increase the petroleum levy. Global oil prices have fallen by about $5 per barrel recently, which supports this expected reduction. Currently, petrol is priced at Rs259.1 per litre and diesel at Rs262.75 per litre. The anticipated price cut aims to ease inflation pressures on middle and lower-income families, though its impact on transportation fares and essential goods may vary. #Pakistan #FuelPrices #Petrol #Diesel #EconomicRelief #Inflation

Pakistan's government raised petrol prices today, citing rising global oil prices. The increase of Rs4.53 per litre brings the new price to Rs293.94 per litre, effective immediately. This decision follows a fortnightly review of petroleum product prices by the Oil and Gas Regulatory Authority (OGRA). In a statement, the government justified the hike due to the recent surge in international oil prices. This latest increase marks the second petrol price hike in April, adding to the burden on Pakistani consumers already facing inflation. The price of high-speed diesel (HSD) has also been raised by Rs8.14 per litre, reaching Rs290.38 per litre. The impact of these price hikes on transportation costs, essential goods, and overall inflation is yet to be fully understood.

Petrol and diesel prices in Pakistan are expected to see a reduction starting October 1, 2024, as the government considers passing on relief to consumers following a significant decline in global oil rates. Sources privy to the matter said with the matter revealed that while discussions are underway, the exact figures for the upcoming price adjustment have yet to be finalized. Globally, Brent crude oil prices have experienced a decline of approximately $0.50, settling at around $72.27 per barrel. Meanwhile, US crude oil prices have decreased by 37 cents. This downward trend in global oil prices has created an optimistic outlook for Pakistani consumers, as it signals potential relief at the fuel pumps. In light of these developments, consumers are advised to remain patient and await official confirmation from the government regarding the adjustments in petrol and diesel prices. The federal government reviews and adjusts fuel prices biweekly, taking into account fluctuations in international oil prices, exchange rates, and domestic demand. #Petrol #price #Pakistan #drop #October1 #coming #process #Pakistan #247newsupdate