ISLAMABAD: Pakistan increased the prices of petrol, high-speed diesel, kerosene and light diesel oil on Tuesday, saying the new rates would be applicable from Wednesday, February 16.
The government has faced criticism for increasing fuel prices during the last few months amid rising inflation, though its top officials argue Pakistan still offers petroleum products at the cheapest rates in the region.
The country fixes these prices on a fortnightly basis to pass on the impact of fluctuating international prices to consumers.
“The prices of Petroleum Products are showing drastic increase in the international market and presently are at the highest since 2014,” a statement from the Finance Division said on Tuesday, adding that despite the unabated increase since the beginning of the year, Prime Minister Imran Khan had deferred the last review of petroleum prices on January 31, 2022.
“In order to provide utmost relief to the consumers, government levied zero percent Sales Tax and reduced the Petroleum Levy rate against the budget targets,” the statement said.
With an increase of Rs12.03, petrol will now be available for Rs159.86 and high-speed diesel’s at Rs154.15, a rise of Rs9.53. Kerosene will be sold for Rs126.56 per liter after an increase of Rs10.08 while light diesel oil will be available for Rs123.97 after a Rs9.43 increase in its previous rate.
The Finance Division said the government was bearing a revenue loss of around Rs35 billion (fortnightly) “on account of budgeted to existing PL [Petroleum Levy] and ST [Sales Tax] have been kept to the minimum.”
Petrol price hits historic high in Pakistan after Rs12.03 hike
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Petrol price hits historic high in Pakistan after Rs12.03 hike
- Pakistan increases prices of petrol, high-speed diesel, kerosene and light diesel oil
- High-speed diesel’s new price per liter is Rs154.15, a rise of Rs9.53
Pakistan Airports Authority reports ‘historic’ twin-engine aircraft landing in Lahore
- Twin-engine aircraft are usually larger, heavier and require better airport infrastructure, navigation systems to land
- Pakistan Airports Authority says landing reflects its commitment to enhance aviation sector, strengthen infrastructure
ISLAMABAD: The Pakistan Airports Authority (PAA) announced on Saturday that the New General Aviation Aerodrome achieved a significant milestone when it handled the landing of a twin-engine aircraft.
A twin-engine aircraft has two engines that provide it redundancy and increased performance compared to single-engine counterparts. These aircraft range from small twin-engine propeller planes to large commercial jetliners. The presence of multiple engines enhances safety by allowing the aircraft to continue flying in the event of an engine failure.
However, twin-engine aircraft are usually larger, heavier and more complex than single-engine planes. They require advanced airport infrastructure such as better runways, navigation systems and air traffic coordination.
“The New General Aviation Aerodrome, Lahore achieved another significant operational milestone today with the successful landing of a twin-engine aircraft, following the recent arrival of a single-engine aircraft,” the PAA said in a statement.
It said the flight was also boarded by Air Vice Marshal Zeeshan Saeed, the director general of the PAA. The move reflected “strong institutional confidence” in the aerodrome’s safety standards, operational capability, and overall readiness, it added.
“The landing was conducted with exceptional precision and professionalism, demonstrating the aerodrome’s robust operational framework, technical preparedness, and effective airside coordination in accordance with contemporary aviation requirements,” the PAA said.
It said the landing represented a “major advancement” in Pakistan’s general aviation sector and underscores the PAA’s commitment to enhancing regional aviation capacity, strengthening infrastructure and promoting excellence in aviation development.
