petroleum News

Diesel, petrol prices may rise by Rs27, Rs21 amid regional tensions

Diesel and petrol may rise by Rs27 per litre and Rs21 per litre, respectively, amid regional tensions, as domestic fuel prices are likely to face another round of hikes due to escalating global oil prices driven by the Israel-Iran conflict.

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Petroleum import bill drops nearly 16% in May: SBP

The import bill of the petroleum group decreased by 15.8% to $1.14 billion in May 2025, compared to $1.36bn recorded in

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PM forms committee to monitor oil prices amid Middle East tensions

To monitor petroleum product pricing and supply dynamics, Prime Minister Shehbaz Sharif has constituted a high-level committee in response to the evolving geopolitical situation following Israel’s recent attack on Iran and the resulting volatility in international oil markets.

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Govt imposes Rs2.5/litre carbon levy on petroleum

In a bid to boost revenue and address environmental concerns, the federal government has imposed a new Carbon Levy

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Power sector financing nears completion, petroleum debt at Rs2.7tr

Work on the power sector’s linear bank financing is nearly complete, with disbursement expected within the next 2–3 weeks...

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Pakistan’s Petroleum import bill rises 21% YoY in February 2025

The import bill of the petroleum group fell to $1.45 billion in February 2025, marking an increase of 21% YoY compared to the import bill of $1.2bn recorded...

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Petroleum import bill rises to more than $1bn in February 2025

The import bill of the petroleum group increased by 0.1% to $1.25 billion in February 2025, compared to $1.24bn recorded in February 2024, data released by...

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Petroleum import bill rises by 3.45% in Jan 2025

The import bill of the petroleum group increased by 3.45% to $1.37 billion in January 2025, compared to $1.32bn recorded in January 2024...

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Energy Committee to form subcommittee on CSR, bonuses, training funds

The Standing Committee on Energy (Petroleum Division) agreed to form a subcommittee, under the convenorship of Syed Naveed Qamar, to draft new guidelines for...

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Petroleum import bill rises to $1.56bn in Dec

The import bill of the petroleum group increased by 0.85% to $1.56 billion in December...

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Petroleum import bill declines by 1.24% to $1.4bn in Nov

The import bill of the petroleum group decreased by 1.24% to $1.4 billion in November 2024, compared to the import bill of $1.424bn recorded in November 2023...

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Petroleum import bill rises 1.5% to $1.3bn in Sep

The import bill of the petroleum group increased 1.5% to $1.3 billion in September 2024, compared to the import bill of $1.28bn recorded in September 2023...

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Govt keeps petrol price unchanged, hikes diesel by Rs5 per litre

The government has kept the price of petrol unchanged, while hiked high-speed diesel by Rs5 per litre...

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Petroleum import bill rises 8% to $1.41bn in August

The import bill of the petroleum group increased to $1.41 billion in August 2024, marking an increase of 8% compared to the import bill of $1.3bn recorded...

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Petrol price likely to drop by Rs12.5 per litre

Petrol prices are expected to drop significantly by about Rs12.5 per litre following a slump in international rates...

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Govt to boost collaboration with China, Saudi Arabia on offshore blocks

The Petroleum Division has been directed to enhance liaison with stakeholders of China and Saudi Arabia in collaboration with the Ministry of Foreign Affairs...

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Petrol price expected to drop further from Sep

Petrol prices are expected to drop by Rs5.9 per litre following a decline in international rates, price estimates up to August 23, 2024 show...

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Petroleum import bill surges 40% to $1.2bn in July

The import bill of the petroleum group grew to $1.22 billion in July 2024, marking an increase of 39.97% YoY compared to the import bill of $874.76m...

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Petrol price slashed by Rs8.47 per litre

The government has reduced the price of petrol by Rs8.47 to Rs260.96 per litre...

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Petroleum import bill drops 19.7% to $15.2bn in FY24

The import bill of the petroleum group declined to $15.16 billion in fiscal year 2023-24, marking a decrease of 19.7%...

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Govt hikes petrol price by Rs9.99 per litre

The government has raised the price of petrol by Rs9.99 per litre to Rs275.60...

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Petrol pumps to remain fully operational across country

In response to concerns arising from the protest by Oil Marketing Companies (OMCs), the Petroleum Division and the Oil & Gas Regulatory Authority (OGRA)...

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Petroleum levy max limit raised as contingency plan: Minister

Federal Minister Ataullah Tarar on Monday stated that the increase in the maximum limit of the petroleum levy (PL) on petroleum products is a contingency plan..

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Govt hikes petrol price by Rs7.45 per litre

The government has raised the price of petrol by Rs7.45 per litre to Rs265.61...

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Petrol prices likely to rise by around Rs7 per litre

The government is likely to hike the price of petrol by around Rs7 per litre for the first half of July 2024 in line with the increase in international prices..

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Petroleum import bill rises by 1.52% YoY to $1.36 in May: SBP

The import bill of the petroleum group increased to $1.36 billion in May 2024, marking a increase of 1.52% YoY compared to the import bill of $1.34bn...

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Petrol prices likely to drop by another Rs9 per litre

The government is likely to reduce the price of petrol by another Rs9 per litre for the second half of June 2024...

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Govt hikes petroleum levy by Rs20 to Rs80 for FY25

The federal government has decided to increase the maximum petroleum levy by Rs20 to Rs80 per unit on High-speed diesel oil (HSDO) and Motor gasoline...

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Govt achieves petroleum levy tax target for FY24

The government has achieved the petroleum levy tax collection target for the fiscal year 2023-2024 within the first eleven months...

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Petrol prices likely to fall by over Rs5 per litre

The government is likely to cut the price of petrol by another Rs5.3 per litre for the first half of June 2024, providing a major relief...

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Petroleum Minister reiterates commitment to TAPI pipeline project

Addressing an energy symposium on Tuesday, Minister for Petroleum, Musadik Masood Malik affirmed that Pakistan is pushing for the...

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Petroleum import bill drops by 8.9% YoY to $1.26bn in April: SBP

The import bill of the petroleum group declined to $1.26 billion in April 2024, marking a decrease of 8.87% YoY compared to the import bill of $1.38bn....

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Govt cuts petrol price by Rs5.45 to Rs288.49 per litre

The federal government has reduced the price of petrol by Rs5.45 per litre to Rs288.49, said a notification...

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Petrol price likely to fall by Rs3.75 in May

Following a decline in the international prices, the government is likely to cut the price of petrol by around Rs3.75 per litre for the first half of May 2024..

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Petroleum import bill drops by 29.46% YoY to $1.1 in March: SBP

The import bill of the petroleum group declined to $1.1 billion in March 2024, marking a decrease of 29.46% YoY compared to the import bill of $1.56bn...

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Govt hikes petrol price by Rs4.53, diesel by Rs8.14

The federal government has increased the price of petrol by Rs4.53 per litre to Rs293.94, said a notification...

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Govt announces Rs9.66 per litre rise in petrol prices

The federal government has hiked the price of petrol by Rs9.66 per litre to Rs289.41, said a notification issued by the...

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OCAC pushes for latest exchange rate in petrol pricing, citing Rupee stability

The Oil Companies Advisory Council (OCAC) has requested the government to revert to the previous methodology for calculating petrol prices, which involves....

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Petroleum import bill drops by 16.3% MoM to $1.2bn in February: SBP

The import bill of the petroleum group decreased to $1.2 billion in February 2024, marking a decrease of 16.3% MoM compared to the import bill of...

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No major change expected in petrol prices in upcoming fortnight

The government is anticipated to make a minor adjustment to fuel prices for the second half of March 2024...

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Petrol prices raised by Rs4.13 per litre, third consecutive hike

The government has once again raised the price of petrol by Rs4.13 per litre amid an increasing trend in global oil prices...

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Govt likely to increase petrol price by Rs3.5 per litre

The government is likely to hike the price of petrol by Rs3.5 per litre for the first half of March, 2024...

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Petroleum import bill rises by 15.65% YoY to $1.43bn in January: SBP

The import bill of the petroleum group stood at $1.43 billion in January 2024, marking an increase of 15.65% MoM compared to the import bill of...

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Petroleum products production grows 8.4% in 1HFY24

The production of petroleum products witnessed an increase of 8.4% YoY during the first six months of the fiscal year 2024...

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Stakeholders sign MoU for Machike-Thallian-Tarujabba white oil pipeline project

In a landmark achievement, an MoU was signed between the stakeholders for the consortium formation regarding the Machike-Thallian-Tarujabba White Oil...

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Govt likely to increase diesel price by Rs6.3 per litre, no change in petrol prices expected

The government may hike the diesel price by Rs6.3 per litre, while leaving the petrol price unchanged, for the second half of February...

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India's petroleum product demand on track for growth in FY24

India's demand for petroleum products is likely to increase by a mid-single-digit percentage in the financial year ending March 2024 (FY24), following...

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Oil sales rise 12% MoM to 1.38 MTs in January

The sales of oil marketing companies (OMCs) increased by 12% MoM to clock in at 1.38 million tonnes (MTs) in January 2024 compared to 1.24 MTs in...

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Govt hikes petrol price by Rs13.55 per litre

Due to the substantial rise in global oil prices, the government has raised the price of petrol by Rs13.55 per litre..

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Govt likely to hike fuel prices by up to Rs11 per litre amid rising oil costs

The government is likely to increase petrol and diesel prices by Rs11 and Rs6 per litre, respectively, for the first half of February...

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Ministry of Energy unveils historic national career expo in partnership with industry giants

The Ministry of Energy (Petroleum Division), in collaboration with prominent oil, gas, and mineral companies, has announced the first-ever...

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Petroleum products production grows 6.5% in 5MFY24

The production of petroleum products witnessed an increase of 6.49% YoY during the first five months of FY24...

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Pakistan’s oil import bill drops 27% YoY to $7.35bn in 1HFY24: SBP

The import bill of the petroleum group clocked in at $7.35 billion in 1HFY24, marking a decline of 26.95% YoY compared to the import bill of $10.07bn...

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Govt keeps petrol, diesel prices unchanged

The government has decided to keep the price of petrol and High-Speed Diesel (HSD) unchanged at Rs267.34 and Rs276.21 per litre...

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Petrol likely to get cheaper, diesel costlier in coming fortnight

The fuel prices are expected to remain comparatively stable for the next fortnight, with the petrol price likely to see a probable reduction of around Rs1...

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Govt likely to announce further relief in petrol prices in upcoming fortnight

The government is expected to announce further relief for the consumers, with a probable reduction of Rs1.72 per litre in petrol prices for the...

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Govt cuts petrol, diesel prices by Rs14, Rs13.5/Litre

The caretaker federal government on Friday announced a significant reduction in fuel prices, as the price of petrol and diesel...

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Lower oil prices likely to bring down petrol, diesel prices by Rs9, Rs7

Petrol and High-Speed Diesel (HSD) prices are likely to see a downward revision by around Rs9 and Rs7 per litre, respectively, on the back of a notable...

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Textile exports rose by 9% MoM in October: SBP

The country's total textile export registered an increase of 9.05% MoM to $1.45bn in October 2023 compared to $1.33bn....

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ECC approves Rs423.73m for PSDP projects of Petroleum Division

The Economic Coordination Committee (ECC) of the Cabinet on Wednesday considered and approved the provision of funds worth Rs423.726....

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Petrol prices drop Rs2.04, Diesel Rs6.47 per litre

The caretaker federal government on Thursday decided to reduce the price of petrol and High-Speed Diesel (HSD) by Rs2.04 and Rs6.47 per litre, respectively...

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Rs10 cut in diesel, hike in petrol prices likely

Petrol prices may see a slight increase, even though global crude oil prices have dropped significantly since the last fortnight...

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Petroleum import bill falls by 20% YoY to $1.18bn in September: SBP

The import bill of the petroleum group soared to $1.18 billion in September 2023, marking a decrease of 20.43% YoY compared to the...

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Fuel prices likely to dive by up to Rs36/litre w.e.f Oct 16

On the back of declining international oil prices and the appreciation of the local currency, the government will likely slash the domestic petroleum...

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Attock Petroleum offers Rs5 discount on petrol purchases

Attock Petroleum Limited (APL) is offering a discount of Rs5 per liter on fuel purchases at any Attock fuel station across the country...

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Govt likely to slash petrol prices by Rs38 per litre

Due to the declining international oil prices and the appreciation of the local currency, domestic petroleum and diesel prices....

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OGRA urges to refrain from speculating on POL prices

The Oil and Gas Regulatory Authority (OGRA) has urged to refrain from speculating on the prices of petroleum products (POL) as these prices are mainly...

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Govt hikes petrol prices by Rs26

The caretaker government on Saturday hiked the petrol and High-Speed Diesel (HSD) prices by Rs26.02 and Rs17.34 per litre to Rs331.38...

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Petrol prices likely to rise by Rs9.70 per litre

Petrol and diesel prices are likely to increase by Rs9.70 and Rs11 respectively due to a significant rise in the ex-refinery..

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Textile exports registered a fall of 11.40% YoY in July: PBS

The country's total textile export registered a fall of 11.40% YoY to $1.31bn in July 2023 compared to $1.48bn recorded in the same period of last year...

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Import bill of POL slides 51.51% MoM in July: PBS

The import bill of the petroleum group was recorded at $791.43 million in July 2023 plunging by 44.89% YoY and by 51.51% MoM, data released by the Pakistan....

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Govt likely to increase petrol prices

Subject to the rising oil prices in the global market, the government may raise per liter petroleum prices....

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Oil sales decline by 6% YoY in July

The sales of oil marketing companies (OMCs) decreased by 6% YoY and while remaining almost flat MoM to clock in at 1.35 million tonnes (MTs) in July 2023...

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Govt hikes petrol prices by Rs19.95 per litre

The federal government on Tuesday hiked the petrol prices by Rs19.95 per litre amidst increasing the price of oil in the international market...

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Govt to host 'Pakistan Minerals Summit' on August 01

Pakistan will hold its first-ever mineral summit “Pakistan Minerals Summit” tomorrow in Islamabad with an aim to explore and capitalize on the vast potential...

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Petroleum dealers to meet Minister today to discuss profit margins

To reach an agreement on increasing profit margins the Petroleum dealers will meet Minister of State for Petroleum Musadik Malik today, as per media..

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Petrol pumps to shut down across Pakistan from July 22

The Pakistan Petroleum Dealers Association (PPDA) has decided to go on a countrywide strike on Saturday (July 22) at 18:00 PST to urge the government to raise..

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Textile exports registered a fall of 34.30% YoY in June: SBP

The country's total textile export registered a fall of 34.30% YoY to $1.18bn compared to $1.80bn recorded in the same period of last year, data issued by....

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Import bill of POL slides 24% MoM in June: SBP

The import bill of the petroleum group for the month of June 2023 declined by 24.34% MoM to stand at $939.55 million, compared to $1.24 billion in May 2023...

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Government raises HSD prices by Rs7.5 per litre, no change in petrol prices

The government has decided to keep the price of petrol unchanged, however, the price of high-speed diesel (HSD) is increased by Rs7.5 per litre for the next...

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ECC approves Bonded Bulk Storage for petroleum products

The Economic Coordination Committee (ECC) considered, discussed and approved a summary of Petroleum Division regarding policy guidelines for import on foreign..

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Textile exports fall by 19.57% YoY in May: PBS

Pakistan's textile exports have increased to $1.320 billion in May 2023, showing a drop of 19.57% YoY and an increase of 7.11% MoM, the latest data released...

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Govt keeps petrol price unchanged, increases diesel by Rs2.52 per litre

The federal government on Thursday decided to keep the petrol price unchanged at Rs262 per litre for the next fortnightly....

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Textile exports fall by 29.11% YoY in April: PBS

Pakistan's textile exports have decreased to $1.232 billion in April 2023, showing a drop of 29.11% YoY and 1.99% MoM..

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Import bill of POL slides 28% YoY in April: SBP

The import bill of the petroleum group for the month of April 2023 declined by 28.69% YoY to stand at $1.28 billion while on a monthly basis...

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NA passes amendment to impose Rs50/ltr levy on POL products

NA passes amendment to impose Rs50ltr levy on POL products

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Govt increases petrol prices for the third consecutive time

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ECC allows MOL to commence production from Tal block amid gas shortage

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APCNGA unveils plans to save $2.13bn annually under the head of fuel import bill

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Govt refutes rumors of yet another hike in fuel prices

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ECC allows levy of 10% regulatory duty on import of MS

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Govt increases petrol prices by Rs30 per litre to meet IMF condition

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ECC approves Rs55.48bn for price differential claims of OMCs

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Ample stock of petroleum products available in the country

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Govt releases Rs1.9bn for 13 petroleum sector projects in 8 months

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Oil prices climb as Russia-Ukraine ceasefire talks stoke volatile trading

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Govt slashes petrol prices despite global rise

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Govt jacks up petrol prices by Rs12.03/litre

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Govt kept POL prices unchanged

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Govt jacks up petrol prices by Rs3 per litre

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Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%

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Diesel, petrol prices may rise by Rs27, Rs21 amid regional tensions

Petroleum import bill drops nearly 16% in May: SBP

PM forms committee to monitor oil prices amid Middle East tensions

Govt imposes Rs2.5/litre carbon levy on petroleum

Power sector financing nears completion, petroleum debt at Rs2.7tr

Pakistan’s Petroleum import bill rises 21% YoY in February 2025

Petroleum import bill rises to more than $1bn in February 2025

Petroleum import bill rises by 3.45% in Jan 2025

Energy Committee to form subcommittee on CSR, bonuses, training funds

Petroleum import bill rises to $1.56bn in Dec

Petroleum import bill declines by 1.24% to $1.4bn in Nov

Petroleum import bill rises 1.5% to $1.3bn in Sep

Govt keeps petrol price unchanged, hikes diesel by Rs5 per litre

Petroleum import bill rises 8% to $1.41bn in August

Petrol price likely to drop by Rs12.5 per litre

Govt to boost collaboration with China, Saudi Arabia on offshore blocks

Petrol price expected to drop further from Sep

Petroleum import bill surges 40% to $1.2bn in July

Petrol price slashed by Rs8.47 per litre

Petroleum import bill drops 19.7% to $15.2bn in FY24

Govt hikes petrol price by Rs9.99 per litre

Petrol pumps to remain fully operational across country

Petroleum levy max limit raised as contingency plan: Minister

Govt hikes petrol price by Rs7.45 per litre

Petrol prices likely to rise by around Rs7 per litre

Petroleum import bill rises by 1.52% YoY to $1.36 in May: SBP

Petrol prices likely to drop by another Rs9 per litre

Govt hikes petroleum levy by Rs20 to Rs80 for FY25

Govt achieves petroleum levy tax target for FY24

Petrol prices likely to fall by over Rs5 per litre

Petroleum Minister reiterates commitment to TAPI pipeline project

Petroleum import bill drops by 8.9% YoY to $1.26bn in April: SBP

Govt cuts petrol price by Rs5.45 to Rs288.49 per litre

Petrol price likely to fall by Rs3.75 in May

Petroleum import bill drops by 29.46% YoY to $1.1 in March: SBP

Govt hikes petrol price by Rs4.53, diesel by Rs8.14

Govt announces Rs9.66 per litre rise in petrol prices

OCAC pushes for latest exchange rate in petrol pricing, citing Rupee stability

Petroleum import bill drops by 16.3% MoM to $1.2bn in February: SBP

No major change expected in petrol prices in upcoming fortnight

Petrol prices raised by Rs4.13 per litre, third consecutive hike

Govt likely to increase petrol price by Rs3.5 per litre

Petroleum import bill rises by 15.65% YoY to $1.43bn in January: SBP

Petroleum products production grows 8.4% in 1HFY24

Stakeholders sign MoU for Machike-Thallian-Tarujabba white oil pipeline project

Govt likely to increase diesel price by Rs6.3 per litre, no change in petrol prices expected

India's petroleum product demand on track for growth in FY24

Oil sales rise 12% MoM to 1.38 MTs in January

Govt hikes petrol price by Rs13.55 per litre

Govt likely to hike fuel prices by up to Rs11 per litre amid rising oil costs

Ministry of Energy unveils historic national career expo in partnership with industry giants

Petroleum products production grows 6.5% in 5MFY24

Pakistan’s oil import bill drops 27% YoY to $7.35bn in 1HFY24: SBP

Govt keeps petrol, diesel prices unchanged

Petrol likely to get cheaper, diesel costlier in coming fortnight

Govt likely to announce further relief in petrol prices in upcoming fortnight

Govt cuts petrol, diesel prices by Rs14, Rs13.5/Litre

Lower oil prices likely to bring down petrol, diesel prices by Rs9, Rs7

Textile exports rose by 9% MoM in October: SBP

ECC approves Rs423.73m for PSDP projects of Petroleum Division

Petrol prices drop Rs2.04, Diesel Rs6.47 per litre

Rs10 cut in diesel, hike in petrol prices likely

Petroleum import bill falls by 20% YoY to $1.18bn in September: SBP

Fuel prices likely to dive by up to Rs36/litre w.e.f Oct 16

Attock Petroleum offers Rs5 discount on petrol purchases

Govt likely to slash petrol prices by Rs38 per litre

OGRA urges to refrain from speculating on POL prices

Govt hikes petrol prices by Rs26

Petrol prices likely to rise by Rs9.70 per litre

Textile exports registered a fall of 11.40% YoY in July: PBS

Import bill of POL slides 51.51% MoM in July: PBS

Govt likely to increase petrol prices

Oil sales decline by 6% YoY in July