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The government and Jamaat-i-Islami have agreed to form committees to review the petroleum levy and recommend public relief measures.

Pakistan collected a record Rs1.567 trillion through the petroleum levy in FY26 as lower interest costs and provincial surpluses reduced the fiscal deficit.

LAHORE: Jamaat-i-Islami Pakistan (JI) Emir Hafiz Naeemur Rehman on Thursday announced peaceful sit-ins against the petroleum levy at 510 locations across the country on Friday, warning that the protests would transform into a movement to ov

Pakistan's decision to raise petroleum dealers' margins has eased the immediate threat of a nationwide strike, but it keeps the larger fuel-cost debate alive.

On 26 August 2026, petrol in Pakistan costs Rs343.10 a litre and high-speed diesel Rs371.80. Those rates come from a Petroleum Division notification, and they are valid until 27 August — one day.

Petrol pump owners in Pakistan have announced a nationwide strike starting Wednesday night after talks with the government over a daily petroleum pricing mechanism ended without agreement, according to a monitored

Pakistan expects Turkish Petroleum seismic vessels to arrive in the autumn as both countries advance a new phase of offshore oil and gas exploration.

Petroleum dealers have withdrawn a nationwide strike call after Pakistan approved a revised per-litre margin, easing immediate supply concerns.

Pakistan's petroleum prices climbed again this week, with the government raising petrol by Rs1.63 per litre and high-speed diesel (HSD) by Rs1.55 per litre, effective from July 29. The increase takes petrol to Rs335.81

PPP has held back support for two natural gas revenue bills as coalition grievances spill into the petroleum committee's legislative work.

Petrol fell by 12 paisas to Rs336.03 per litre and high-speed diesel by 66 paisas to Rs392.38 under Pakistan's short-cycle fuel pricing system.

Pakistan reduced petrol by Rs0.50 to Rs342.60 per litre and high-speed diesel by Rs0.19 to Rs371.61 under its daily pricing system for August 28.

body { margin: 0; padding: 0; font-family: system-ui, -apple-system, sans-serif; overflow-wrap: anywhere; } Pakistan fuel prices, 2026 Official ex-depot prices (PKR/litre) — OGRA & Ministry of Energy notifications Petrol (MS-92) Diesel (HSD

The Strait of Hormuz crisis is becoming an economic warning for Pakistan as fuel imports, LNG supplies, freight costs and inflation risks converge.

A Saudi business delegation has held talks with Pakistan's SIFC on investment opportunities spanning energy, transport, industry and communications.

Oil prices moved higher as U.S.-Iran diplomacy stalled and reduced traffic through the Strait of Hormuz renewed concern about global energy supplies.

Goods transporters and oil tanker operators began suspending their services on Friday night after negotiations with the government failed, ahead of their nationwide wheel-jam strike scheduled for Saturday. All Pakistan Goods Transport Iteha

The Trump administration has signed a nuclear agreement with Saudi Arabia that could give U.S. firms priority in reactor and fuel contracts worth billions over

Pakistan's trade deficit has widened sharply at the start of the new fiscal year, climbing 18 percent to $7.1 billion in just the first two months, according to data released by the Pakistan Bureau of Statistics on

Pakistan's planning minister used a public appearance in Lahore to make a blunt case: the global shift away from gasoline-powered transportation is already underway, and Pakistan needs to move faster to keep pace with

Pakistan's official half-year report points to stronger growth, lower average inflation and recovering industry, while external and structural risks remain.

Pakistan enters FY2027 with stronger reserves and remittances, but renewed Middle East conflict and volatile oil prices threaten inflation and the trade balance.

Pakistan and Turkiye are moving beyond traditional friendship in 2026, with defence cooperation, trade goals and regional diplomacy giving the relationship a sharper strategic shape.

Pakistan has reduced petrol by Rs3.13 per litre but raised high-speed diesel by Rs3.74, setting new rates that remain effective from September 5 to 7.