Diesel Price Slashed by Rs. 12.84 per Litre, Petrol Price Unchanged
The Finance Division has announced a major reduction in the price of high-speed diesel (HSD), lowering it by Rs. 12.84 per litre for the upcoming fortnight. The new pricing will…
Pakistan’s Inflation Set to Drop Sharply to 4.51% in FY25
Pakistan’s average inflation is expected to fall significantly to 4.51% in fiscal year 2024–25, down from a staggering 23.41% recorded in FY24. If realized, this would mark the lowest inflation…
Fuel Prices Likely to Rise in Pakistan from June 16
Fuel prices in Pakistan are expected to increase in the upcoming pricing cycle starting June 16, driven by a rise in global oil prices. Official sources suggest that petrol prices…
Govt to Impose 3–5% GST on Petroleum Products to Support Refineries and Recover Input Tax
The federal government is set to introduce a 3–5 percent General Sales Tax (GST) on petroleum products in the upcoming fiscal year, aiming to support domestic oil refineries and maintain…
Government to Remove Petroleum Levy Cap, Targets Record Rs. 194 Billion in FY26
The federal government has decided to lift the cap on the Petroleum Development Levy (PDL), allowing it to charge more than Rs. 100 per liter on petroleum products starting in…
Pakistan Government Delays Decisions on SBP Dual Nationals and Carbon Levy
Policy Uncertainty Continues as Key Economic Decisions Stalled The Shehbaz Sharif administration has once again postponed two critical policy decisions—whether dual nationals can hold top positions at the State Bank…
Petrol and Diesel Prices Rise Again: Government Announces New Rates for February 1
The federal government has announced the new prices for petroleum products, which will take effect from February 1. According to a notification from the Ministry of Finance, the price of…
Petrol and Diesel Prices Expected to Drop Again as International Oil Prices Decline
Petrol and diesel prices are anticipated to decrease next week due to a drop in international oil prices. The federal government is likely to reduce the prices of MS petrol…
Government Considering Sales Tax on Petrol
The federal government is considering imposing a sales tax on petroleum products to generate additional tax revenue amounting to billions of rupees from consumers. Sources informed NetMag that senior members…
OGRA Announces Minor Increase in LPG Prices for July
The Oil and Gas Regulatory Authority (OGRA) has announced a slight increase in the price of indigenous liquefied petroleum gas (LPG) by Rs. 0.12 per kg for July 2024. This…
