Fuel - NEWS SAHRA

ISLAMABAD: The government is likely to drop another petrol bomb on the masses on Feb 16 (Thursday) after it already jacked up the prices by Rs35 per litre on Jan 29, two days ahead of schedule. The masses should get ready to bear a heavy jolt as the prices of petroleum products will be increased by up to 12.5 per cent for the second half of ongoing Feb 2023. According to sources, the ex-depot per litre price of petrol is calculated to go up by Rs32.07 (12 per cent), high speed diesel (HSD) might witness a rise of Rs32.84 per litre (12.5 per cent), kerosene oil is estimated to be hiked by Rs28.05 per litre and light diesel oil (LDO) might see a hike of Rs9.90 per litre. “Likely, the new prices are based on current government taxes and estimated PSO incidentals,” the sources said. The ...

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Tuesday strongly refuted reports of petrol and diesel shortage in the country, saying that there is sufficient stock. According to OGRA spokesman Imran Ghaznavi, the country has enough reserves available to meet 17 days of petrol and 32 days of diesel demand. Ghaznavi said that ships with 100,000 metric tonnes of petrol are at the berth, adding that local refineries are playing an active role in meeting the demand for petroleum products. Earlier, the Petroleum Division warned the central bank that the stocks of petroleum products may dry up as banks are refusing to open and confirm Letters of Credit (LCs) for imports. Like other sectors, the oil industry in Pakistan is facing hurdles to opening LCs owing to the US dollar short...

Tag: Fuel

Another fuel price hike on the cards

OGRA denies reports of petrol shortage in country