By Staff Reporter
ISLAMABAD: The government has slashed petrol and diesel prices by as much as Rs13.06 per litre, effective Monday.
Energy
Single-digit inflation returns after almost 3 years, August rate drops to 9.6pc
By Staff Reporter
ISLAMABAD: Consumer price inflation rose 9.6 percent in August from a year earlier, the slowest pace in 34 months, as the central bank prepares to cut interest rates for the third time this year.
Petrol, diesel prices fall on third straight cut
By Staff Reporter
ISLAMABAD: The government on Saturday reduced petrol and diesel prices by 1.2 percent and 1.3 percent respectively, or Rs1.86 and Rs3.23 per litre, effective September 1, marking the third consecutive decrease since July 30.
Traders shut down markets across Pakistan in tax protest
By Staff Reporter
ISLAMABAD: Traders staged a nationwide strike on Wednesday, shutting down markets and businesses in 42 cities, as they pushed back against the government’s new tax regime, which they say will hike levies and exacerbate economic hardship.
Gas tariffs to remain steady for next three months, petroleum minister
By Staff Reporter
Pakistan will keep its gas tariff unchanged for the next three months, Petroleum Minister Musadik Malik said on Tuesday, as the government seeks to ease the burden on consumers amid soaring living costs.
Punjab offers Rs14/unit electricity subsidy in summer relief
By Staff Reporter
LAHORE: The provincial Punjab government announced a temporary subsidy of Rs14 per unit for electricity consumers using up to 500 units, seeking to provide some relief from high electricity bills during the peak summer months of August and September, at an estimated cost of Rs45 billion.
Sharif government delivers pre-Independence Day fuel price cut
By Staff Reporter
ISLAMABAD: The government on Tuesday reduced petrol and diesel prices by 3.1 percent and 2.5 percent, respectively, effective immediately, as global crude costs declined.
Top business chamber seeks forensic audit of IPPs
By Staff Reporter
ISLAMABAD: Pakistan’s highest electricity tariffs in the region have prompted the country’s top business chamber to seek a Supreme Court-ordered forensic audit of independent power producers (IPPs), amid allegations of excess payments and sector irregularities.
Weekly inflation eases as essentials get cheaper
By Staff Reporter
ISLAMABAD: The short-term inflation rate eased to 18.4 percent in the week ended August 1, the lowest since May 2022, as prices of food and energy items declined, official data showed on Friday.
Petrol price cut by Rs6.17/litre, diesel down Rs10.86
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif approved a surprise cut in fuel prices, trimming petrol by 2.3 percent and high-speed diesel by 3.8 percent for the next fortnight, as global market costs decline.