Skip to main content

Govt hikes POL prices, petrol goes up by Rs2.5 per litre

Govt hikes POL prices, petrol goes up by Rs2.5 per litre
The federal government on Thursday increased prices of petroleum oil and lubricants (POL), with petrol going up by Rs2.5 per litre.

The new price of petrol will be Rs92.88 per litre, read a notification issued by the Ministry of Finance.

Similarly, the price of diesel was increased by Rs4.75 per litre, taking it to Rs111.43 per litre.

The new price of kerosene oil reached Rs86.31 per litre after it was increased by Rs4 per litre, according to the notification.

The price of light diesel oil also went up by Rs2.5 per litre, reaching Rs77.53 per litre.

The new prices will take effect from midnight on March 1.

The notification said that authorities had worked out higher increase in the prices, owing to hike in oil prices in international market.

"But the government decided not to pass on the full impact to the consumers and approved a reduced level of increase," it added.



Labels:

Comments

Post a Comment

Popular posts from this blog

IHC to hear Nawaz Sharif’s bail plea on medical grounds today

The Islamabad High Court (IHC) will take up the plea filed by the former prime minister Nawaz Sharif seeking bail in the Al-Azizia case on medical grounds on Wednesday (today). The division bench comprising Justice Aamir Farooq and Justice Mohsin Akhtar Kayani will preside the hearing. In the last hearing, the National Accountability Bureau (NAB)had submitted its detailed reply in the court. The NAB has requested the Islamabad High Court (IHC) to throw out a petition filed by former prime minister Nawaz Sharif seeking his release from prison on medical grounds. In a detailed reply submitted to the IHC in response to Sharif’s plea, the anti-graft watchdog stated that the petition at hand is the third one seeking relief on the grounds similar to previous ones and therefore, is not maintainable and liable to be dismissed with exemplary costs. NAB stated the grounds on the basis of which Sharif sought his release are “non-conclusive observations contained in a medical report of the ...
Post a Comment
Read more

PM Khan to chair party meeting today

Prime Minister Imran Khan has summoned a meeting of Pakistan Tehreek-e-Insaf’s (PTI) leaders and spokespersons on Saturday to discuss the current political situation and budget-2019. As per details, PM Imran Khan would preside over the meeting at his Bani Gala residence and briefed the participants about the party’s narrative in the wake of current situation, said sources. PTI’s strategy for the next session of the National Assembly, economic targets and other issues would also be discussed in the meeting, the sources added. Earlier on June 11, Prime Minister Imran Khan had announced to establish a high-powered commission under his supervision to find out facts behind soaring of loans to Rs24,000 billion in last 10 years. The commission would be comprised of officials from Inter-Services Intelligence (ISI), National Accountability Bureau (NAB), Federal Investigation Agency (FIA), Securities and Exchange Commission of Pakistan (SECP) and Federal Board of Revenue (FBR), he had said...
Post a Comment
Read more

PM Khan had ended tolerance for corruption: Fawad Chudry

Information Minister Fawad Chaudhry on Sunday asserted that all state institutions stand by Prime Minister Imran Khan and are working together to lead the country toward development. While talking to journalists, Information Minister Fawad Chaudhry said that before Khan came to power, every politician thought that “corruption was their right”. However, PM Khan had ended tolerance for corruption after he assumed office, Chaudhry claimed. When people do not have money to buy medicines then how can a prime minister live lavishly?” said Fawad Chaudhry. “They [the previous government] had ordered cars worth Rs980 million for one SAARC conference,” Chaudhry said, adding that the maintenance expenditure of the cars amounted to Rs350m. He said that previous governments had left the country up to its eyeballs in debt by spending huge amounts of money on extravagance. The new premier was trying to repay this debt. He further said that the budget allocated to state institutions like Pakist...
Post a Comment
Read more