Government Withdraws Fuel Subsidies, Leading to Price Hikes
A government has announced the withdrawal of blanket fuel subsidies, causing petrol prices to rise by Rs137 to Rs458 per litre and diesel by Rs184 to Rs520. The move also includes an increase in petroleum levy on petrol and a cap on biker subsidies.
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Pakistan raises diesel rates by 54%, hikes petrol to nearly PKR 460 a litre amid fuel crisis
The price of diesel in Pakistan would be raised by 54.9% to 520.35 PKR per litre, and petrol by 42.7% to 458.40 PKR per litre.
Read full article →Fuel rates explode as govt withdraws blanket subsidy
• Petrol raised by Rs137 to Rs458 per litre; diesel up by Rs184 to Rs520 • Petroleum levy raised on petrol, cut to zero on HSD • Kerosene price increased by Rs34 to Rs458 per litre • Rs100 per litre subsidy for bikers capped at 20 litres per month • Small farmers to receive Rs1,500 per acre support • Early market closures planned to save 1,200MW of electricity ISLAMABAD: The government on Thursday announced an unprecedented increase of 43 per cent and 55pc in the prices of petrol and high-spe...
By [email protected] (Khaleeq Kiani)
Read full article →Oil tanker contractors threaten halt of tankers after sharp fuel price hike
OTCA says it is not possible to operate at current freight rates, there is a serious risk of financial losses
By Zaigham Naqvi
Read full article →Coverage Timeline
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