Tag Archives: petrol price

Petrol Price Once Again To Meet Hike on February 1

Petrol Price Once Again To Meet Hike on February 1


Sumera Saeed | January 30, 2018 | category: News

Petrol Price Once Again To Meet Hike on February 1. The people of Pakistan are once again to bear the increase in the price of petroleum products.

The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in the price of petroleum products. In this regard OGRA has sent summery to the federal government and proposed to increase the Petrol price up to Rs.2.98.

As per the OGRA recommendation the petrol price will increase up to Rs.2.98, Rs.12.74 increase is  suggested in the price of kerosene oil while the High-speed diesel will meet hike in Price o f Rs.10.25.

If the OGRA recommendation for the petrol price hike approved the Prime Minister Shahid Khaqan Abbasi then the new prices will be applicable from 1st February, 2018.

It is worth mentioning here that the government has gifted the nation with New Year gift by increase the petroleum products prices on 1st January, 2018.

On the other hand the petroleum products prices are also going to increase in UAE.   The petroleum prices in the UAE have been raised for February 2018.

Via

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Pak Suzuki To Increase Price of Vehicles From 800cc to 1000cc

Pak Suzuki To Increase Price of Vehicles From 800cc to 1000cc


admin | January 1, 2018 | category: Autos and Vehicles

Pak Suzuki To Increase Price of Vehicles From 800cc to 1000cc. Government has gifted the nation with the increase of petrol price at the occasion of New Year and now the famous auto manufacturer in Pakistan namely Pak Suzuki has increased the price of its various vehicles ranging from 800cc to 1000cc of engine capacities.

In the start of the new year, Pak-Suzuki Company has increased the prices of the cars, especially the small cars, being manufactured locally by Rs. 10,000 per car in the pretext of adjustment of new taxes and duties imposed by Federal Board of Revenue.
A spokesperson of Pak-Suzuki Company on Monday while explaining the reasons for increasing the prices said these prices have been revised upward for various vehicles specially ranging from 800cc to 1000cc engine capacities to adjust the new duties and taxes imposed by FBR on the auto mobile industry.

It may be mentioned that the range of the vehicles from 800cc to 1000cc are in more demand by the common customers as people have the buying capacity for these vehicles which use less fuel and economically better as compared to big vehicles which consumed more oil.
According to an official letter issued by Pak Suzuki to its dealers, the price of Suzuki Mehran VX will be Rs. 689,000 which was Rs. 679,000 on December 31, 2017.

Similarly the new price of Mehran VXR will be Rs. 742,000 which was Rs. 732,000 just yesterday. The price of Suzuki Mehran VXR with CNG has been increased to Rs. 802,000.
The new price of Bolan is Rs. 764,000 which was Rs. 754,000 in last year, just one day ago an the price of Bolan Cargo has been increased from Rs. 720,000 to Rs. 730,000.
The price of Suzuki Wagnor VXR has been increased to Rs. 10,74,000 from Rs. 10,54,000 and similarly the price of Suzuki Wagnor VXL has been increased to Rs. 11,14,000 from the previous year price of Rs. 10,94,000. The price of Suzuki Ravi has been increased to Rs. 706,000 from Rs. 672,000. The new price of Suzuki Ravi EURO II has also been increased to Rs. 706,000.

In this regard Pak Suzuki has issued a notification which you can see below.

Pak-Suzuki-Notification-Daytimes

The new prices of the Pak Suzuki vehicles are as follows;

Model Old Price (In Rupees) New Price (In Rupees)
Suzuki Mehran VX 6,79000 6,89000
Suzuki Mehran VXR 7,32000 7,42000
Suzuki Bolan 7,54000 7,64000
Suzuki Bolan Cargo 7,20000 7,30000
Suzuki WagonR VXR 10,54000 10,74000
Suzuki WagonR VXL 10,94000 11,14000
Suzuki Ravi 6,72000 7,06000

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Govt Set to Give New Year Gift by Soaring Petroleum Prices Upto Rs 13 Per Litre

Govt Set to Give New Year Gift by Soaring Petroleum Prices Upto Rs 13 Per Litre


Sumera Saeed | December 29, 2017 | category: News

Govt set to give new year gift by soaring Petroleum prices upto Rs 13 per litre. The incumbent government is all set to give new year’s costly gift to its masses as prices of petroleum are scheduled to be increased upto Rs. 13.

As final phase of the government’s period is going on and almost five months are left in completing its tenure, it is leaving no stone unturned to impose taxes and soaring prices of essential commodities. According to media reports, the petroleum prices would shoot up till Rs 13 on the eve of new year.

Majority of Pakistanis who belong to lower middle class, own motorcycle as their ride was already annoyed with increase of Petrol prices as during the last two to three months, the price of petrol has had been increased upto Rs 11n per litre so far.
The upward trend started when Petrol was being sold at Rs 68 per litre and now it is being sold at Rs 77. 47 per litre and after increase it will reach to almost Rs 82 per liter. This increase in Petroleum prices would not only affect the majority of motorcyclists but transporters who have increased fares on various long routes, would like to increase fares.
According to details, the fuel prices will go up as high as Rs 13. The authorities have decided to add Rs 4.06 in the per litre value of petrol. The price of high-speed diesel would be increased by Rs 5.83 per litre while there will be at least Rs 12.49 per litre increase in the price of light diesel.
The highest price spike will be seen in the rate of kerosene oil. Rs 13.58 per litre increase is likely to be witnessed in its price.

The formal approval to raise oil prices will be given by the Ministry of Finance after the Oil and Gas Regulatory Authority (OGRA) sends its summary.
The Ministry of Petroleum and Ministry of Finance will seek final approval from Prime Minister Shahid Khaqan Abbasi on petroleum products. It is worth mentioning that the government had hiked prices of petroleum products for the month of December.
During 2017 petrol price was up by 20.5 percent to Rs 77.47 per liter, high speed diesel was up by 18.5 percent to Rs 85.95 per liter, light diesel oil rose 20.25 percent to Rs 57.58 per liter and kerosene oil price was up by 33 percent to Rs 57.58 per liter.

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Petrol Price May Increase Up To Rs. 7 in January 2018

Petrol Price May Increase Up To Rs.7 in January 2018


Sumera Saeed | December 20, 2017 | category: News

Petrol Price May Increase Up To Rs. 7 in January 2018. It is reported that the petrol price in Pakistan will see increase due to the increase in the exchange rate of the US dollar.

The media reports revealed that the petrol price in Pakistan may increase by up to Rs.7 in January 2018. The price of petrol sees surge in the international market over the previous 20 days and the Pakistani rupee has also brought down against the dollar.

According to the Industry sources the petrol price in Pakistan may increase by up to Rs.7 in January 2018 due to the prevailing conditions in the international and interbank market.

On the other hand the price of diesel may increase by Rs. 5 while the price of kerosene oil may increase by Rs.6.

However the federal government has yet to take the final decision regarding the increase in the petrol price and the prices of other petroleum products in Pakistan.

It is worth mentioning here that the government had increased the price of petrol and other petroleum products last month.

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OGRA Suggests Increase in Petrol Price

OGRA Suggests Increase in Petrol Price


Sumera Saeed | November 29, 2017 | category: News

OGRA Suggests Increase in Petrol Price. The Oil and Gas Regulatory Authority (OGRA) has suggested increase in petrol price and the price of other petroleum products.

OGRA has recommended the federal government to increase petrol price and other petroleum products, according to sources.

The summery by OGRA has suggested Rs.1.48 increase in petrol price, while kerosene oil has a suggested increase of Rs.15.35, high-speed diesel of Rs.1 and Rs.13.15 increase for light-speed diesel.

The price surge of petroleum products has been suggested after sharp increase in crude oil price, according to an analyst.

Crude oil price has surged piercingly over the market assumption that the OPEC members meeting schedule for 30th November to meet in Vienna is possibly cut the daily oil supplies.

If the federal government approves the OGRA summery on the increase of petrol price and other petroleum products then the new prices will be applicable from 1st December 2017.

For further updates stay tuned with daytimes.pk

APBF Asks Govt To Cut Tax Ratio To Keep Oil Rates Stable

APBF Asks Govt To Cut Tax Ratio To Keep Oil Rates Stable


Sumera Saeed | November 2, 2017 | category: News

APBF Asks Govt To Cut Tax Ratio To Keep Oil Rates Stable. The All Pakistan Business Forum (APBF) has condemned the government for increasing prices of petroleum products up to Rs5.19 per liter, terming it bad news for the country’s economy, as this is third consecutive hike in fuel rates leading to increasing cost of production ultimately.

APBF President Ibrahim Qureshi said though the prices of oil in global market is going up yet the authorities can keep the rates stable by reducing tax ratio which is highest in the region.

The govt increased the price of petrol by Rs2.49 per litre. High speed diesel price was enhanced by Rs5.19 per litre, light diesel oil by Rs3 per litre and kerosene oil price increased by Rs5.19 per litre for November.

Petrol price will go up to Rs75.99 per litre from the current Rs73.50 per litre. HSD price has gone to Rs84.59 from current Rs79.40 per litre. The prices of kerosene oil, after an increase of Rs5.19, will go up to Rs53.19 per litre from the existing Rs48.00 per litre.

In the past, the government did not pass on the full benefit of declining oil prices to the public by imposing heavy taxes. It is the time to relax the duties and absorb the burden of soaring petroleum prices in international market by keeping the prices stable.

Ibrahim Qureshi, terming it a bad news for the country’s economy which was already facing a number of challenges, said that the increase would put extra burden on the consumers.

At a time when country’s trade deficit was further stretched by 34 percent during 2MFY18 to $6.3 billion owing to rise in imports and slow exports growth amidst high cost of doing business, the continuous hike petroleum as well as power tariff is very unfortunate.

He lamented that the National Electric Power Regulatory Authority (NEPRA) has recently enhanced the electricity and gas tariff which is dangerous particularly for the industry in Punjab.

The NEPRA had allowed an increase of 48 paisa per unit in the average electricity tariff for Discos for 2015-16, allowing them to put an additional burden of more than Rs 24.34 billion on consumers.

He said that APBF had always been calling on the concerned government circles to take measures for the promotion of alternate fuels as trade deficit was fast widening due to heavy imports under the head of petroleum products. He said that rise in PoL prices is bound to give a further blow to the industry.

For further updates stay tuned with daytimes.pk

Petroleum-Prices

OGRA Likely to Decrease Petroleum Prices


Sumera Saeed | May 29, 2017 | category: News

The Oil & Gas Regulatory Authority (OGRA) has a plan to decrease the petroleum prices. In this regard they has outlined a summary and sent the recommendation to Petroleum Ministry.

The outlined summery by regulatory authority has suggested that the petrol price should be decreased by Rs 2.10 per liter, Rs 1.80 per liter reduction in high speed diesel, Rs 1.50 per liter in light speed diesel while the price of Kerosene oil is also likely to drop by Rs 3 per liter.

According to sources the new petroleum prices will be applied from 1st June 2017, after the approval of Ministry of Finance.

Petroleum Prices to Remain Same for January 2017

Petroleum Prices to Remain Same for January 2017


Sumera Saeed | December 31, 2016 | category: Autos and Vehicles

Petroleum Prices to Remain Same for January 2017
Yesterday we reported that Ogra decided to increase the petroleum price by Rs.6.93 a litre for January 2017. But today it has been reported by the TV channels that government has rejected the proposal of Orga for the increase in the petrol price and said that the prices will remain the same for the month of January 2017.

Ogra Decides To Increase Petroleum Prices in January 2017

Ogra Proposed To Increase Petroleum Prices as mentioned below:

Ogra has proposed to increase Rs6.93 a litre in kerosene prices, which now stand at Rs50.18 a litre for January 2017.

On the other hand the price of high-speed diesel (HSD) has been raised by Rs3.94, to Rs79.16 a litre.

HSD is the top vending petroleum fuel in the country, as it is used by the large generators and heavy vehicle engines.

On the other hand the price of light diesel oil (LDO) has been increased by Rs3.48, to Rs46.82 a litre. LDO is consumed by the small engines and mills mostly operated in rural areas.

Though, a minimal surge of 31 paise has been intended by Ogra in petrol prices which have been raised to Rs66.58 a litre.

The three main aviation fuels including JP-1, JP-4 and JP-8 got the increase in price ranging between Rs4 and Rs6.

 

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Petrol Pumps Start Selling Ron 92 Petrol in Pakistan

Petrol Pumps Start Selling Ron 92 Petrol in Pakistan


Sumera Saeed | November 3, 2016 | category: News

Petrol Pumps Start Selling Ron 92 Petrol in Pakistan

The sale of Ron 92 petrol is now starting in Pakistan. The higher quality petrol Ron 92 will replace the low quality petrol Research Octane Number 87 across the country till 20th November, 2016.  The new high quality petrol offers better engine efficiency and reduces the environment impact due to lower emission.

The Economic Coordination Committee (ECC) of the cabinet had approved the marketing of the high quality petrol Research Octane Number (Ron) 92 in the country. The petrol price will be raised of Rs.2.75 per liter.

The petroleum ministry has planned to import the three different grades of high quality petrol including RON 92, RON 95 and RON 97.

Ron 92 Petrol Will be in Pakistan in November 2016

The local refineries in the country will produce the Research Octane Number 87/90 petrol to mix it with the high quality petrol to create 91 RON petrol in order to supply it to the petrol pumps across the country.