• Download the Constitution of Pakistan
  • Advertise
Monday, May 19, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Finance

Petroleum Prices Expects Elevation From First of July

by News Publishing
June 24, 2020
in Finance
Reading Time: 1 min read
0
Share on FacebookShare on TwitterLinkedinWhatsapp

Crude oil saw an increase in the previous few weeks after a historic deflation in its price below 0 which indicates an increase in petroleum prices from 1st July. The prices oil was fraught with uncertainty due to the COVID-19 outbreak. The fluctuation in oil prices has driven an oil crisis into Pakistan as companies refused to sell it at such low prices. Economists predict that the government might fix the petroleum prices at Rs.30 per litre with an additional 17% tax and transportation margin. A price list will be sent to the government for further rates which are expected to be revised.

petroleum

Pakistan has always faced difficulty to decipher the crude oil prices. The prices are highly fluctuating from over the years in every government. The oil prices increase in short just increase the drop in the prices seem to be non-permanent every time. This global fall in the commodity caused a massive drop in the oil prices in Pakistan. Consequently, this sudden rise results in speculations among Pakistani’s that the oil prices might increase in coming days or weeks.

Stay Updated!

Tags: CommodityCrude OilDiesalIncrease in Oil PricesOilPetrolPetroleum
News Publishing

News Publishing

Related Posts

IMF PAK

Pakistan Gets $1.023B from IMF, Begins 2025-26 Budget Talks

by Anum Arif
May 14, 2025
0

Islamabad – Wednesday, 14 May 2025:The State Bank of Pakistan (SBP) confirmed on Wednesday that it has received the second...

KSE-100 Surges Past 120,000as Ceasefire, IMF Funding, andTax Relief Fuel Market Rally

KSE-100 Surges Past 120,000as Ceasefire, IMF Funding, and Tax Relief Fuel Market Rally

by News Publishing
May 13, 2025
0

The Pakistan Stock Exchange (PSX) extended its historic rally on Tuesday, with the benchmark KSE-100 Index climbing back above the...

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

by News Publishing
May 12, 2025
0

The Pakistan Stock Exchange (PSX) witnessed a historic rally on Monday, with the benchmark KSE-100 index surging over 9% following...

Export of services rises to $6.2bn in July-March

Export of services rises to $6.2bn in July-March

by News Publishing
May 9, 2025
0

Pakistan’s exports of services rose by 9.85% to $6.24 billion during the first nine months (July–March) of fiscal year 2024-25,...

IMF and PAK

IMF to Approve $2.3B for Pakistan Amid Mixed Fiscal Outlook

by Anum Arif
May 8, 2025
0

Washington, 08 May 2025 — The International Monetary Fund (IMF) Executive Board is set to convene tomorrow in Washington, where...

PSX PSX

PSX Recovers After Historic Plunge Amid Indo-Pak Tensions

by Anum Arif
May 7, 2025
0

May 07, 2025 The Pakistan Stock Exchange (PSX) experienced a volatile trading session on Wednesday, following a dramatic plunge of...

Next Post

Pakistan Set to Launch The National Space Program

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters