• Download the Constitution of Pakistan
  • Advertise
Wednesday, August 13, 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

The Government Increases Petrol Price By 25.58Rs Per/Ltr

by Web Desk
June 27, 2020
in Finance, New
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterLinkedinWhatsapp

The Federal Government on Friday has increased the price of Petroleum by Rs 25.58 and would be effective straight away from 26th June. In view of rising global oil prices, a notification from the Finance Division has been issued saying that the prices have been increased. 

According to the notification, the price of petroleum has been increased from the existing 74.52 to 100.10 Rs per/ltr. The price of diesel has been increased up to 101.46 from 80.15. The increase in the price of diesel would affect the Agriculture and Transport sector as diesel is used in both the sectors. The price of Kerosine has also risen from 35.56 to 59.06. The price of diesel oil has been hiked by Rs 17.84 from Rs38.14 to Rs55.98 per litre. Diesel is used in industries to run the machines mostly but the average sales have stopped due to coronavirus lockdown.

Government and Petrol

Besides this, the average petrol sales are touching 70,000 tonnes per month while the use of diesel is 60,000 tonnes per month. 

In the month of May, the government reduced the prices to 74,52 Rs per/ltr. However, for the month of July, there is a great increase in the oil prices by the government. The general sales tax (GST) on all petroleum products has already been increased to 17% by the Government. Last year in January the Government was charging only 0.5% GST on diesel 2%on kerosene and 8 % on petrol.

Federal Minister Omar Ayub Khan in a tweet claimed on Friday night “Pakistan has the lowest petrol price in Sub Continent even after this revision.”

Tags: GovernmentIncrease in Oil PricesPetrolPetrol Price HikePetroleumPricesPTI Government
Web Desk

Web Desk

Related Posts

FBR

FBR Hikes Non-Filer Withdrawal, Property Transaction Taxes

by Anum Arif
August 8, 2025
0

The Federal Board of Revenue (FBR) has announced an increase in tax rates on cash withdrawals by non-filers and made...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

Petrol increase

Petrol Prices Likely to Rise by Rs5/Litre from July 1

by Anum Arif
June 30, 2025
0

ISLAMABAD: Prices of petroleum products in Pakistan are likely to rise by up to Rs5 per litre starting Monday, July...

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

by News Publishing
June 24, 2025
0

The Government of Pakistan is working on securing two foreign loans totaling $3.3 billion from Chinese financial institutions, aimed at...

Next Post
Prime Ministers of Pakistan

Prime Ministers of Pakistan 1947-2023

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