petroleum prices

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    Finance Bill Debate: Corporate Tax, Energy Diversification

    New Delhi, March 23 The Congress accused the government on Monday of avoiding raising petrol prices, citing the upcoming assembly elections as the reason, a claim rejected by the BJP, which said the government should instead be praised for diversifying its energy sources.Initiating a debate on...
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    Gandhi Criticizes Modi Govt's Economic Approach

    New Delhi, March 21 Congress leader Rahul Gandhi accused the Modi government on Saturday of lacking both direction and strategy necessary to manage the current economic situation facing the nation.Gandhi also expressed concern that the government will raise the prices of petrol, diesel, and...
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    Corruption Allegations & LPG Concerns Rock Jharkhand Assembly

    Ranchi, March 13 Legislators raised allegations of corruption in land mutation and engaged in heated debate over the LPG crisis during the Jharkhand Assembly's budget session on Friday, leading to a verbal clash between the treasury and opposition benches.Members from both the ruling alliance...
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    Rising Costs: Petrol Prices Trigger Price Increases in Pakistani Shops

    Islamabad, March 12 – Retailers in major Pakistani cities have raised the prices of confectionery and other daily-use commodities, including fresh fruits, citing the recent increase in petroleum prices. Although most shops were still selling existing stock purchased at older prices, local media...
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    Japan Initiates Emergency Oil Release Amid Middle East Conflict

    Tokyo, March 11 – Japanese Prime Minister Sanae Takaichi announced on Wednesday that Japan will begin releasing its oil reserves as early as next Monday to address a potential increase in gasoline and other petroleum product prices amid the conflict in West Asia, according to local media...
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    PM Sharif Announces Austerity Measures to Address Oil Supply Concerns

    Islamabad, March 9 Prime Minister Shehbaz Sharif announced a series of measures on Monday to mitigate the impact of the war with Iran, including working from home and a four-day work week.Addressing the nation on state-run PTV and other private channels, the prime minister said that he was...
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    Man Killed, Two Injured in Pakistan Petrol Pump Firing Amid Panic Buying

    Lahore, March 8 A man was killed and two others seriously injured after customers opened fire at a petrol pump in Punjab province, Pakistan, following a dispute triggered by panic buying of fuel due to fears of shortages caused by the US-Iran conflict, police said on Sunday.The incident...
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    Pakistan Raises Petrol and Diesel Prices Amid Regional Uncertainty

    Islamabad, March 7 In the first economic shock following the war with Iran, the Pakistani government has overnight increased petrol and high-speed diesel prices by PKR 55 per litre each, the highest increase ever.Addressing a press conference shortly before midnight, Petroleum Minister Ali...
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    Pakistan Monitors Oil Supply, Conserves Fuel as Strait of Hormuz Remains Blocked

    Islamabad, March 5 Pakistan decided on Thursday to introduce weekly revisions in petroleum prices, effective from Saturday, and to consider measures such as working from home and distance learning to conserve fuel amid possible disruptions in oil supply due to the ongoing conflict in West Asia...
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    Pakistan Prepares for Weekly Fuel Price Changes Amid Regional Uncertainty

    Islamabad, March 5 Pakistan decided on Thursday to introduce weekly revisions in petroleum prices, effective from Saturday, and to consider measures such as working from home and distance learning to conserve fuel amid possible disruptions in oil supplies due to the ongoing conflict in West...
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    Strait of Hormuz Crisis: Pakistan Takes Steps to Maintain Fuel Supplies

    Islamabad, March 5 Pakistan is considering various measures, including weekly revisions to petroleum prices, compensating oil companies, and mandatory work-from-home arrangements, to "maintain market liquidity" amid disruptions in trade following the closure of the Strait of Hormuz, a media...
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    Russia and India Strengthen Energy Ties Despite US Concerns

    New Delhi, March 5 Russia has always been open to supplying crude oil to India, Russian Ambassador Denis Alipov said on Thursday, amid growing concerns over soaring prices of petroleum products in the context of the West Asia crisis.Global oil and gas prices have surged after Iran has...
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    KSE-100 Index Plummets: Largest Single-Day Loss in Pakistan's History

    Karachi, March 2 The Pakistan Stock Exchange recorded its biggest single-day drop on Monday when the KSE-100 benchmark index plunged by 16,089.17 points.The KSE-100 index fell to 151,972, down 2.99 points, representing a 9.57 per cent drop from its previous close, the largest single-day loss...
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    Inflation Surges: Pakistan Increases Fuel Costs

    Islamabad, February 16 – The Pakistani government has increased the prices of petrol and high-speed diesel by Pakistani Rupees (PKR) 5 and PKR 7.32 per liter, respectively, until the end of February, local media reported on Monday.In a late-night announcement on Sunday, the petroleum division...
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