petrol Archives - viralnom

2Oct

By Azmat ShabbirNo Comments

Latest

Petrol prices decreased by 12.63 rupees

After a successive increase in petrol prices, current government has announced a reduction, which is breath for people suffering from inflation. Addressing media in Islamabad on Friday, “In his first press conference, newly appointed Finance Minister Ishaq Dar announced a huge shortfall of billions of rupees. A chart of new prices will come at midnight tonight, the newly appointed finance minister said in his press conference. “Petrol prices reduced by Rs 12.63 to Rs 224.80 per liter from Rs 237.43. Similarly the price of high-speed diesel reduced by Rs 12.13. Now it will be sold at Rs 235.30, down from the current Rs 247.43,” Finance Minister said. New price of kerosene will be Rs 191.83 after a reduction of Rs 10.19. And the price of light diesel oil will be ...

Petrol and Diesel consumption decreased in June in Pakistan

9Jul

By Aqsa Azam1 Comment

Business

Petrol and Diesel consumption decreased in June in Pakistan

Petrol and diesel consumption decreased by 12% and 16% respectively in the month of June in Pakistan. The imposition of taxes and ending the subsidies on fuel have affected badly to the people around the country. In the past few months, Pakistan has faced many challenges due to inflation. People around the country are not satisfied with the new government. They have ended the subsidies on petrol and diesel. This has increased the fuel price from 150 to 250 till now. It is due to the imposition of taxes as well. Due to this, the petrol and the diesel demand is decreased by 12% and 16% respectively. Three types of vehicles mainly consume fuel. It includes two, three, and four-wheeler vehicles. However, industrial and agriculture sectors consume diesel. The buying power of the peop...

Mari Petroleum announced discovery of massive gas reservoirs

4Jun

By Muhammad Dastageer Shams1 Comment

Latest

Mari Petroleum announced discovery of massive gas reservoirs

Mari Petroleum Company Limited (MPCL) has found a major gas repository of one trillion cubic feet in North Waziristan. Which will be useful in saving the country's unfamiliar settlement of roughly $1.5 billion for every annum. As per the MPCL, the creation of 25 million cubic feet of gas has begun from the ST-1 exploration well drilled in Bannu west block, situated in North Waziristan, Khyber Pakhtunkhwa. Also, more gas supply from different wells will be 200 million cubic feet each day (MMCFD). Additionally, raw petroleum creation from the Bannu west block has likewise begun. “This is good news, after a long time, for an energy-starved country. As it estimated that this reservoir will produce approximately 15 percent of the total gas production of the country.” Said a source relate...

Petrol and electricity price hike, public in chaos

4Jun

By Muhammad Dastageer Shams1 Comment

Latest

Petrol and electricity price hike, public in chaos

The government on Thursday strongly expanded fuel costs for public consumers by PKR 30 per liter to figure out an agreement with International Monetary Fund (IMF) preparing to save a $6 billion bailout bundle and settle the country's cratering economy in the midst of extending political disturbance. Moreover, The move raised fuel cost by around 20% taking it to the record high of 209.86 PKR per liter, fighting off worries that Pakistan, as of now faces twofold digit expansion. Moreover, The PML-N-drove alliance government expanded the costs of oil-based commodities by a similar sum on May 26. The greatest climb in the country’s history. In the interim, National Electric and Power Regulatory Authority (NEPRA) has supported an Rs. 8 for each unit expansion in power rates for the follo...

Petrol price increase by 30 PKR, a liter will now cost 180PKR

28May

By Muhammad Dastageer Shams1 Comment

Business, Latest

Petrol price increase by 30 PKR, a liter will now cost 180PKR

Another blow has been dealt to the common man in Pakistan, as petrol price increase by Rs 30. This hike is effective as of midnight on Thursday May 26, 2022, according to the government. In Pakistan after this increase in petrol price, one liter of petrol will cost Rs 179.85 (Rs 180 approx.) and one liter of diesel will cost Rs 174.15. The announcement regarding the IMF bailout made at a press conference by Pakistan's Finance Minister Miftah Ismail. Who made the announcement. Just one day after the talks between the Pakistani government and the IMF in Qatar broke down. An agreement reached between the staff of the IMF. And the World Bank regarding the revival of a USD 6 billion programme. The hike in petrol prices will result in a price of Rs179.86 (almost Rs 180). A diesel price...