New Year Gift From Govt to the People oF Pakistan, increases Petrol Price in Pakistan,
Petrol price in Pakistan has been revised by the federal government for the next fortnight. The new prices will be applicable from January 1, 2025. According to a notification by the Ministry of Finance, the rate of petrol is hiked up by Rs. 0.56/liter, taking the rate to Rs. 252.66/liter from Rs. 252.10/liter. The price of diesel has increased by Rs. 2.96/liter, meaning its new cost is Rs.258.34 /liter against the last Rs. Rs. 255.38/liter.
Earlier, the Petroleum Ministry sent the proposal to the Finance Ministry, where the new prices were decided after a consultation between Finance Minister Muhammad Aurangzeb and Prime Minister Shehbaz Sharif.
Earlier Prediction About Petrol Price in Pakistan
Recent media reports suggested a potential decrease in petrol prices in Pakistan for the upcoming fortnight. While some reports anticipated a price reduction, the actual announcement revealed that petrol prices will remain unchanged, while diesel prices have decreased.
The primary reason behind this rate revision is the fluctuation in the global crude oil prices.
Earlier this month, sources also reported that the IMF had proposed to impose an 18% general sales tax (GST) on petroleum products and an increase in the Petroleum Development Levy (PDL) from the current Rs. 60 to the new Rs. 70 per liter. However, no official announcement from the government has so far been made in this regard. It is important to mention that there is no GST on fuel prices currently.
The prices of petroleum goods are directly linked to the rate of inflation in Pakistan, as the rates of daily commodities change with them. A reduction in prices brings relief, but if prices go up, the inflation rate also sees an upward trend, burdening the masses.
The MG HS PHEV—TRUE HYBRID ELECTRIC
Pakistan's first locally assembled plug-in hybrid has officially lined off the assembly line in a grand ceremony at the #MG CKD Plant in #Lahore.
Kia has launched its 4th Generation Facelift Kia Carnival in Pakistan. The car was launched globally in 2023. Now after a 1.5 years the company has finally decided to launch it in Pakistani Market.
Bookings for the Carnival Executive are now open at Kia dealerships nationwide. The starting price of this car is about 1.75 crore, which is an introductory price.
