Petrol Price Hike

Hours after unleashing a tax-loaded mini-budget, Pakistan on Wednesday night hiked up the prices of petrol and gas to a historic high in a bid to appease the International Monetary Fund for unlocking the critical loan tranche, reported Geo News.

Jet fuel (ATF) price on Wednesday was hiked by 4 per cent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in running.

Cash-strapped Pakistan announced a 35 rupees increase in the prices of petrol and diesel, days after its currency depreciated to its lowest against the US dollar in the interbank and open market.

The government on Wednesday hiked the price of ethanol used for blending in petrol, as it looks to double the blending to 20 per cent, sources said.

The Congress on Sunday demanded immediate relief for middle and lower-income group families by reducing petrol and diesel by at least Rs 15 per litre and cooking gas prices by at least Rs 150 per cylinder.

The Meghalaya government hiked the prices of petrol and diesel, state taxation minister James PK Sangma said.

Petrol prices were increased 78 times, while diesel rates were increased 76 times in Delhi during the financial year 2021-2022, the government told the Parliament today.

Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) on Sunday reduced the diesel and petrol retail prices, the first decrease after five hikes since February.

India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline (petrol) exports in the second half of the year, keeping global supplies tight and underpinning prices, traders and analysts said.

If Shahjahan did not get the Taj Mahal built, petrol would cost Rs 40 per litre today, Hyderabad MP Asaduddin Owaisi has said in a sarcastic attack on the BJP and Prime Minister Narendra Modi.

Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.

Petrol, Diesel Prices Today: Fuel rates remained unchanged today on June 7, 2022 for the 17th day across the four metros

RBI is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said

The price hike has been the main issue between Pakistan and the IMF as part of an agreement to withdraw subsidies in oil and power sectors to reduce the fiscal deficit before the annual budget is presented next month.

Former Pakistan Prime Minister Imran Khan yet again slammed the Shehbaz Sharif government after the federal government hiked the petrol and diesel prices by PKR 30 per litre.

Hours after unleashing a tax-loaded mini-budget, Pakistan on Wednesday night hiked up the prices of petrol and gas to a historic high in a bid to appease the International Monetary Fund for unlocking the critical loan tranche, reported Geo News.

Jet fuel (ATF) price on Wednesday was hiked by 4 per cent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in running.

Cash-strapped Pakistan announced a 35 rupees increase in the prices of petrol and diesel, days after its currency depreciated to its lowest against the US dollar in the interbank and open market.

The government on Wednesday hiked the price of ethanol used for blending in petrol, as it looks to double the blending to 20 per cent, sources said.

The Congress on Sunday demanded immediate relief for middle and lower-income group families by reducing petrol and diesel by at least Rs 15 per litre and cooking gas prices by at least Rs 150 per cylinder.

The Meghalaya government hiked the prices of petrol and diesel, state taxation minister James PK Sangma said.

Petrol prices were increased 78 times, while diesel rates were increased 76 times in Delhi during the financial year 2021-2022, the government told the Parliament today.

Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) on Sunday reduced the diesel and petrol retail prices, the first decrease after five hikes since February.

India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline (petrol) exports in the second half of the year, keeping global supplies tight and underpinning prices, traders and analysts said.

If Shahjahan did not get the Taj Mahal built, petrol would cost Rs 40 per litre today, Hyderabad MP Asaduddin Owaisi has said in a sarcastic attack on the BJP and Prime Minister Narendra Modi.

Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.

Petrol, Diesel Prices Today: Fuel rates remained unchanged today on June 7, 2022 for the 17th day across the four metros

RBI is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said

The price hike has been the main issue between Pakistan and the IMF as part of an agreement to withdraw subsidies in oil and power sectors to reduce the fiscal deficit before the annual budget is presented next month.

Former Pakistan Prime Minister Imran Khan yet again slammed the Shehbaz Sharif government after the federal government hiked the petrol and diesel prices by PKR 30 per litre.