According to Geo News, citing a notification issued by Pakistan's Finance Division on Saturday, petroleum prices were reviewed after consultations with OGRA and other relevant ministries.
As per the initial estimates, the prices of petrol are likely to become costlier by Rs 1.54 per litre, while other fuels are also likely to see notable increases.
As per the notification, the Pakistan Railways said that a 2 per cent increase in fare will take effect from July 4 for express and passenger trains. The two per cent fare increase will also apply to advance bookings as per the notification.
Amid the turmoil in stock markets over the tariffs imposed by US President Donald Trump, Congress chief Mallikarjun Kharge on Monday attacked the Modi government, stating that the benefit of reduced international crude prices has not been passed on to consumers and excise duty has now been h
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said that the country could save 91,000 crore rupees on the import bill through biofuel blending and this money could be utilized for the benefit of the agricultural sector.
Hardeep Singh Puri, Minister for Petroleum and Natural Gas on Tuesday said that no one can predict fuel prices because of the uncertainty that has prevailed in different parts of the world.
Petrol will now cost 259.10 Pakistani Rupees (PKR) per litre, down by PKR 1.86, while High-Speed Diesel (HSD) will be priced at PKR 262.75 per litre, with a decrease of PKR 3.32. according to ARY News.
Pakistan’s short-term inflation has risen 27.57 per cent on a year-on-year basis for the week ending on August 17 largely due to a surge in petroleum prices, showed the official data released on Friday, Dawn reported.
Pakistan citizens are left to bear the brunt of rulers' failed policies that resulted in historic inflation, jacked up petroleum prices, and devalued rupee, as well as warnings of impending bankruptcy among other things, reported The Express Tribune.
Islamabad [Pakistan], August 1 (ANI): Pakistan government on Sunday increased diesel prices by Rs 8.95 per litre amid the fluctuations in petroleum prices in the international market and exchange rate variation, local media reported.
Kathmandu [Nepal], June 21 (ANI): A student union in Nepal on Tuesday burnt an effigy of Prime Minister Sher Bahadur Deuba and Finance Minister Janardan Sharma, and Supply Minister Dilendra Prasad Badu over their demand for a reduction in petroleum prices.