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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

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.

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

Petroleum dealers have withdrawn a nationwide strike call after Pakistan approved a revised per-litre margin, easing immediate supply concerns.

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.

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.

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

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.

The Islamabad High Court dismissed a petition filed by Meezan Bank challenging the constitutional validity of Section 4C of the Income Tax Ordinance 2001, upholding the levy of super tax on banks.

More than half of tariff income refunded after supreme court ruled Trump’s levies were illegal Business live – latest updates The Trump administration has refunded about $100bn from the tariffs it collected before the US supreme court ruled

Prosecutors charged an Israeli settler on Thursday in the killing of Palestinian activist Awdah Hathaleen in the occupied West Bank, the first such indictment since the outbreak of the Gaza war in 2023, activists say. “Yinon Eliya Levi [33]

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.

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.

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

WASHINGTON: The United States is preparing a new round of tariffs that could affect dozens of trading partners as temporary global duties imposed by President Donald Trump are due to expire this week, according to

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

Andy Burnham has outlined a left-leaning agenda and a promise to be pro-business, but key details on utilities, energy bills and housing remain unclear

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.

The European Commission says Google favored its own shopping and hotel services in search results and breached Digital Markets Act rules, raising fresh scrutiny of its platform

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