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Petrol and Diesel Prices in Pakistan May Drop from August 15

12Aug

By Tahreem Akram1 Comment

Latest, Pakistan

Petrol and Diesel Prices in Pakistan May Drop from August 15

Pakistani citizens may soon receive good news as the government plans to lower petrol and diesel prices from August 15, 2024. This expected decrease could bring much-needed relief to the public, who have been grappling with rising living costs. The Oil and Gas Regulatory Authority (OGRA) is currently finalizing recommendations for the new fuel prices. Once completed, OGRA will submit these recommendations to Finance Minister Ishaq Dar. He, along with Prime Minister Shehbaz Sharif, will decide on the final prices. If approved, the new rates will take effect on August 16, 2024. Reports suggest that the price of petrol might drop by more than Rs9 per litre, while diesel could see a reduction of around Rs8.5 per litre. Kerosene, widely used in rural areas, might experience the largest d...

Petrol and Diesel consumption decreased in June in Pakistan

Petrol and diesel consumption decreased by 12% and 16% respectively in the month of June in Pakistan. The imposition of taxes and ending the subsidies on fuel have affected badly to the people around the country. In the past few months, Pakistan has faced many challenges due to inflation. People around the country are not satisfied with the new government. They have ended the subsidies on petrol and diesel. This has increased the fuel price from 150 to 250 till now. It is due to the imposition of taxes as well. Due to this, the petrol and the diesel demand is decreased by 12% and 16% respectively. Three types of vehicles mainly consume fuel. It includes two, three, and four-wheeler vehicles. However, industrial and agriculture sectors consume diesel. The buying power of the peop...

Petrol price increase by 30 PKR, a liter will now cost 180PKR

Another blow has been dealt to the common man in Pakistan, as petrol price increase by Rs 30. This hike is effective as of midnight on Thursday May 26, 2022, according to the government. In Pakistan after this increase in petrol price, one liter of petrol will cost Rs 179.85 (Rs 180 approx.) and one liter of diesel will cost Rs 174.15. The announcement regarding the IMF bailout made at a press conference by Pakistan's Finance Minister Miftah Ismail. Who made the announcement. Just one day after the talks between the Pakistani government and the IMF in Qatar broke down. An agreement reached between the staff of the IMF. And the World Bank regarding the revival of a USD 6 billion programme. The hike in petrol prices will result in a price of Rs179.86 (almost Rs 180). A diesel price...