ISLAMABAD: The government lowered pump prices for a third consecutive day, though the cut in petrol was a token 14 paisa a liter, as fuel remains far more expensive than before the US-Iran war began.
Energy
Pakistan says power glut replaces electricity shortages, but IMF blocks time-of-use pricing reform
ISLAMABAD: Pakistan has moved past its electricity shortage era and now confronts a different challenge: what to do with too much power in the middle of the day and not enough after dark, according to the country’s power minister, who also said International Monetary Fund program restrictions are blocking a pricing overhaul that could ease the problem.
OGRA raises RLNG prices by record 32 percent on costly imports
ISLAMABAD: Pakistan’s energy regulator ordered the steepest increase in imported natural gas prices since the country began buying the fuel a decade ago, a move that will raise costs for millions of consumers already contending with elevated inflation, while the government redirects billions of rupees in unrelated savings toward debt reduction rather than price relief.
Pakistan raises fuel prices again under new daily-adjustment system
ISLAMABAD: Pakistan raised retail petrol and diesel prices for a second consecutive day on Thursday, the latest sign that the government’s switch to daily fuel pricing is translating international oil-market swings into pump prices with a speed Pakistani consumers have not experienced before.
Pakistan raises diesel price, trims petrol as daily reviews continue
ISLAMABAD: Pakistan increased the price of high-speed diesel by 2.24 rupees a liter while cutting petrol by 75 paisa, the latest in a string of daily adjustments the government adopted this month to keep pump prices in step with a volatile global oil market.
Pakistan raises petrol 4.40 rupees to 331.52, diesel 3.62 to 378.66 in second straight hike
Pakistan raised gasoline and diesel prices for a second straight day on Thursday, deepening the burden on consumers already grappling with some of the highest fuel costs in the country’s history as the fallout from renewed fighting between Iran and the US sends crude prices surging.
Pakistan raises diesel by 7.15 rupees, petrol by 4.93 as daily pricing takes hold
ISLAMABAD: Pakistan raised the price of high-speed diesel by 7.15 rupees and petrol by 4.93 rupees a liter, according to a Petroleum Division notification issued on Tuesday, extending a pattern of near-daily increases since the country abandoned weekly fuel pricing in favor of a system that adjusts rates every 24 hours.
Petroleum dealers back daily fuel pricing, seek bigger margin
ISLAMABAD: Pakistan’s petroleum retailers have thrown their support behind a government plan to shift fuel-price adjustments from a weekly to a daily schedule, backing an overhaul designed to tighten transparency in a market officials say has become vulnerable to manipulation and hoarding.
Pakistan diesel prices poised for steepest jump yet on Iran oil shock
ISLAMABAD: Pakistan is bracing for one of its steepest fuel-price increases of the year, with high-speed diesel poised to jump by as much as 42 rupees a liter and gasoline by up to 13 rupees when the government issues its next price notification just after midnight Saturday, as renewed fighting between the US and Iran sends benchmark crude and freight costs surging across South Asia.
Pakistan races to curb fuel hoarding as petrol cover shrinks to 14 days
ISLAMABAD: The government convened an emergency session with oil industry executives on Thursday after petrol stockpiles fell to a 14-day supply cushion, moving to stamp out hoarding and unclog customs bottlenecks as renewed hostilities between the US and Iran push import costs higher.