Pakistan oil industry warns of fuel supply risks after petrol, diesel price cuts
- 24-Jun-2026
KARACHI, June 24: Oil companies that made billions when prices went up are now protesting as petrol and diesel rates drop. The Oil Companies Advisory Council (OCAC) warned the government on Wednesday that supply could be hit, ARY News reported. According to reports, OCAC sent an emergency letter to the government. It said unilateral pricing […]
Petrol price: How much Pakistanis are paying as tax?
- 20-Jun-2026
ISLAMABAD: New details of taxes, duties, levies, and margins included in petrol and diesel, which are being received by the federal government of Pakistan from consumers, have been revealed. According to ARY News, up to 29 percent of the price of petrol and diesel consists of government tax, duties, and margins. Petrol prices include taxes […]
Inside the fuel price cut: Govt slashes petrol levy, raises tax on diesel
- 20-Jun-2026
ISLAMABAD: Following the government’s decision to reduce petrol and diesel prices by Rs 74 and Rs 67 per litre, respectively, details have emerged showing significant adjustments to the petroleum levy, ARY News reported on Friday, citing sources. According to sources, the government slashed the petroleum levy on petrol by Rs 40.49 per litre, bringing the […]
Goods transporters announce reduction in fares after petrol price drop
- 20-Jun-2026
The president of the Pakistan Goods Transporters Alliance, Malik Shehzad Awan, has welcomed the decision by Prime Minister of Pakistan Shehbaz Sharif to reduce petrol and diesel prices, and announced a 15 percent cut in goods transport fares. In a statement, he thanked the government of Pakistan for lowering petrol prices and said the reduction […]
Petrol price in Pakistan from June 20, 2026
- 19-Jun-2026
ISLAMABAD: Prime Minister Shehbaz Sharif announced major relief for the public with a big cut in petrol price and diesel rate, ARY News reported. In an important statement on oil prices after regional and global peace was established through Pakistan’s mediation, the PM announced a reduction of Rs74 per litre in petrol price and Rs67 […]
PM Sharif announces ‘substantial’ cut in petrol prices tonight
- 19-Jun-2026
ISLAMABAD: Prime Minister Shehbaz Sharif has announced a major cut in petrol prices tonight, ARY News reported on Friday. Addressing the National Assembly, Prime Minister Shehbaz Sharif said that the government had committed to passing on any reduction in petrol prices to the public, and therefore a significant cut in fuel prices will be announced […]
‘Petrol prices should be reduced by Rs. 100’
- 18-Jun-2026
ISLAMABAD: Following the Iran-US peace accord implementation, hopes rise regarding the reduction in petrol prices in Pakistan, after Amir Jamat-e- Islami (JI), Hafiz Naeem, Pakistan Tehreek-e- Insaf (PTI) senator Ali Zafar also demanded a reduction in per-litre from the government. Speaking to media correspondents, Senator Ali Zafar demanded that the per-litre petrol prices be reduced […]
Oil falls to lowest since start of Iran war
- 18-Jun-2026
LONDON, June 18: Oil prices fell 2% on Thursday to their lowest since the first trading day of the Iran war
Petrol price likely to see a huge drop in Pakistan
- 17-Jun-2026
ISLAMABAD: Following the US-Iran peace agreement, petrol prices are likely to see a major decline. However, various proposals remain under consideration regarding the exact scale of the price cuts, ARY News reported. The positive impacts of the historic US-Iran deal have already begun surfacing in the international oil market, where oil prices have plummeted by […]
Oil prices fall 5% to 3-month low on hopes Strait of Hormuz will open
- 17-Jun-2026
NEW YORK: Oil prices fell about 5% for a second day in a row to a three-month low on Tuesday as details emerged of an interim deal to end the war in the Middle East and reopen the Strait of Hormuz, including an agreement to allow Iran to sell oil. Brent crude futures fell $4.21, […]