Petroleum prices: an analysis
From August 1, the GoP (government of Pakistan) has reduced gasoline’s price by Rs 3.05 to Rs 227.19/litre. However, diesel’s price been increased by Rs 8.95/litre with the new price…
Do not flirt with petroleum prices
The international oil prices are hovering their seven year high, and the current government in Pakistan is entering its last years of tenure. The correct, but politically tough decision, is…
Unjust fixation of petroleum prices
On February 1, 2016, Pakistanis were expecting a reduction of at least Rs 15 per litre in petrol's price as Arab Light Crude Oil reached a new low in the…
The petroleum levy burden
The Pakistani government’s decision to raise the petroleum levy to Rs80 per litre – via amendments to the Petroleum Products (Petroleum Levy) Ordinance, 1961 – has dashed public expectations of…
Rising energy prices: adverse impact on masses
In Pakistan, 64 percent of total energy demand is met by fossil fuels, while hydropower’s and renewables’ share remained at 27 percent and 9 percent, respectively, in 2022-23. The fossil…
More OPEC+ cuts likely next year, as oil prices plunge
The Organization of the Petroleum Exporting Countries and allies (OPEC+) are likely to extend or even deepen oil supply cuts into next year, after a more than 15% drop in…
Oil prices and efficient buying
The government has increased petroleum prices by Rs30 per litre. The increase is uniform against all products. There was much talk about some subsidy mechanism for the poor (motorcycles and…
Analysing petrol prices
The government recently reduced petrol prices by Rs3.05, bringing the new petrol price to Rs227.19 per litre, and increased diesel prices by Rs8.95 – the new price is Rs244.95 per…
Lower oil prices defy robust forecasts for global demand
Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is…
Prices of POL products
New petroleum prices have been announced; there is no big increase in prices of Petrol and HSD. However, the International Monetary Fund (IMF) agreement requires a Rs 10 increase in…
