Author: Admin

Pakistan govt hikes petrol price to Rs458, diesel to Rs520 per litre

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The government on Thursday sharply increased petroleum prices, raising petrol to Rs458.41 per litre and high-speed diesel (HSD) to Rs520.35 per litre. The announcement was made at a press conference by Petroleum Minister Ali Pervaiz Malik alongside Finance Minister Muhammad Aurangzeb. The latest hike marks a significant jump from the previous notified prices earlier in March, when petrol was priced at Rs321.17 per litre and HSD at Rs335.86 per litre, indicating an increase of over Rs137.24 per litre in petrol, and Rs184.49 per litre in HSD. Aurangzeb also announced a…

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Muhammad Aurangzeb, the Federal Minister for Finance, has announced a targeted subsidy program for petroleum products.

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petrol price

He stated that motorcycle riders will receive a subsidy of Rs. 100 on 20 liters of petrol per month. The subsidy will be provided for a duration of three months. The Finance Minister further said that small farmers will be given a one-time subsidy of Rs. 1,500 per acre, while freight vehicles will receive a subsidy of Rs. 100 per liter. He also announced a monthly subsidy of Rs. 70,000 for trucks and Rs. 80,000 for larger vehicles. Passenger buses will be provided a monthly subsidy of Rs. 100,000. Muhammad…

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Rising Power Demand Signals Policy Success: Minister Leghari to World Bank

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World-Bank

Federal Minister for Power Sardar Awais Ahmed Khan Leghari informed that there is a significant and gradual increase in electricity consumption in Pakistan, which is an indicator of the success of the Government’s policies. The Minister was talking to the World Bank Country Director Ms. Bolormaa Amgaabazar, who met him here today. The Minister said that the Government is aiming to make electricity tariffs competitive enough so that the country’s main economic drivers can benefit from it. He apprised the World Bank Country Director that the Power Division, after assessing…

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Pakistan Develops App to Deliver Petrol Subsidies to Low-Income Citizens

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Petrol-Diesel

ISLAMABAD: In a move to address the ongoing energy crisis, the Pakistan Digital Authority has developed a dedicated application to provide petrol subsidies to eligible low-income citizens. The app has successfully undergone separate testing at both user and retailer levels. According to sources, security and data verification tests were conducted to ensure reliability. Retailer-side testing focused on transaction processing and quota verification, while user-side testing checked registration and eligibility mechanisms. Load testing was also performed to assess app performance with thousands of simultaneous users. Integration of user data is currently…

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China Presses Pakistan to Clear $220m Dues of Energy Firm UEP

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ISLAMABAD: China has urged Pakistan to expedite the payment of $220 million in outstanding dues owed to United Energy Pakistan (UEP), highlighting growing concerns over investor confidence in the energy sector. Officials in the Petroleum Division said Pakistan’s ambassador in Beijing sent an urgent communication emphasizing that the dues relate to gas supplied by UEP to Sui Southern Gas Company, which currently receives 260–270 MMcfd of gas. Due to liquidity constraints, UEP has reportedly begun laying off staff. The Special Investment Facilitation Council has also called for immediate resolution, warning…

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