Thursday, July 17 2025

Fuel price surge alarms industry
Business leaders have warned that the hike in petroleum product prices will severely harm the industrial sector, increase production costs, and further erode the competitiveness of Pakistani goods in global markets. They also cautioned that the burden will ultimately fall on consumers, who will face higher transport fares and inflationary pressures. The government has increased petrol prices by Rs5.36 per litre and high-speed diesel (HSD) by Rs11.37, raising the rates to Rs272.15 and Rs284.35 per litre, respectively. Korangi Association of Trade and Industry (KATI) President Junaid Naqi stated that unless input costs are brought under control, exports will continue to lose ground to regional competitors, such as India and Bangladesh. “Traders and manufacturers are being crushed under the weight of high electricity, gas, and fuel tariffs, along with excessive taxation. This is sheer injustice,” he said.
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Wednesday, July 16 2025

Govt hikes petrol price by Rs5.36, high-speed diesel by Rs11.37
The federal government on Tuesday hiked the price of petrol by Rs5.36 per litre and that of high-speed diesel (HSD) by Rs11.37 for the next fortnight. A press release from the Finance Division said the revised prices were based on recommendations by Ogra and concerned ministries. The new petrol price is Rs272.15 per litre and Rs284.35 for HSD. The press release did not mention any changes in the prices of kerosene and light diesel oil. According to informed sources, the ex-depot price of petrol was projected to rise by about two per cent to Rs272.04 per litre, while HSD was likely to see a 2.5pc increase to approximately Rs279.48 per litre. Widely used in motorcycles, rickshaws, and private vehicles, petrol has a direct impact on the budgets of middle- and lower-income households.
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Tuesday, July 15 2025

Fuel prices expected to rise for next 15 days
Petrol and diesel prices in Pakistan are expected to increase by up to Rs6.60 per litre for the next 15 days, following a continued upward trend in global crude oil prices, according to industry sources. At the time of reporting, the proposed hike includes a Rs6.60 per litre increase in petrol and a Rs5.27 per litre rise in high-speed diesel (HSD). Conversely, the prices of kerosene and light diesel may see reductions of Rs3.74 and Rs2.23 per litre, respectively. The Oil and Gas Regulatory Authority (OGRA) has completed its work based on the latest global market trends, and a final summary will be submitted to the government by tomorrow.
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Thursday, June 26 2025

Oil rebounds on strong US demand
Oil prices rose nearly 2 per cent on Wednesday, recovering from a sharp slide early this week, as data showed relatively strong US demand, and as investors assessed the stability of a ceasefire between Iran and Israel. Brent crude futures were up $1.22, or 1.8pc, at $68.36 a barrel at 12:50pm EDT (1650 GMT), while US West Texas Intermediate crude (WTI) rose $1.25, or 1.9pc, to $65.62, both paring some of the 13pc losses made earlier in the week. After US President Donald Trump announced the ceasefire on Tuesday, Brent settled at its lowest since June 10 and WTI ended at its lowest since June 5 on the reduced Middle East supply risk. Oil prices had rallied after June 13, when Israel launched a surprise attack on key Iranian military and nuclear facilities. Prices hit five-month highs after the US attacked Iran’s nuclear facilities over the weekend.
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Monday, June 23 2025

US strikes on Iran threaten oil price spike, global market jitters
A US attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy. The reaction in Middle East stock markets, which trade on Sunday, suggested investors were assuming a benign outcome, even as Iran intensified its missile attacks on Israel in response to the sudden, deep US involvement in the conflict. Investors said they expected US involvement would cause a stock market selloff and a possible bid for the dollar and other safe-haven assets when major markets reopen, but also said much uncertainty remained. “I think the markets are going to be initially alarmed, and I think oil will open higher,” said Mark Spindel, chief investment officer at Potomac River Capital.
Related news categories: business economic-indicators oilgas-marketing