Pakistan keeps petrol, diesel prices unchanged for next 15 days

A worker pumps petrol in a car at a fuel station in Rawalpindi on July 16, 2023. (AFP/File)
Short Url
Updated 31 December 2023
Follow

Pakistan keeps petrol, diesel prices unchanged for next 15 days

  • Pakistan’s oil and gas regulator had recommended the government to maintain the prices 
  • A liter of petrol will continue to cost Rs267.34, while high-speed diesel will sell for Rs276.21 

ISLAMABAD: The Pakistani government has decided to keep the prices of petrol and diesel unchanged for the next 15 days, the Finance Division said late Sunday.
Pakistan revises petroleum prices every fortnight, but the country’s Oil and Gas Regulatory Authority (OGRA) recommended the government to maintain the prices for the next fortnight.
“Government of Pakistan has decided to maintain the current prices of Petrol and High-Speed Diesel during the fortnight starting from 1st January, 2024,” the Finance Division said in a notification.
A liter of petrol will continue to cost Rs267.34, while high-speed diesel will sell for Rs276.21, according to the notification.
On December 15, the government had cut the price of petrol by Rs14 and high-speed diesel by Rs13.50 per liter.
The finance ministry had attributed the revision to a downward trend in international oil prices and the strengthening of local currency against US dollar.


Pakistan extends ban on Indian-registered aircraft through January, aviation authority says

Updated 7 sec ago
Follow

Pakistan extends ban on Indian-registered aircraft through January, aviation authority says

  • Move marks the seventh extension of the ban after a gun attack in Indian-administered Kashmir
  • It has forced Indian airlines to reroute flights, raising fuel use, travel times and operating costs

ISLAMABAD: Pakistan extended a ban on Indian-registered aircraft from using its airspace until late January, it said on Wednesday, prolonging restrictions that have disrupted flight routes for Indian airlines.

Pakistan first imposed the restriction on April 24 as part of a series of tit-for-tat measures announced by both countries days after an attack in Indian-administered Kashmir that New Delhi blamed on Pakistan. Islamabad denied any involvement and called for a credible, international investigation into the attack, which killed 26 tourists.

Tensions escalated after India targeted several sites in Pakistan and Azad Kashmir, triggering intense missile, drone and artillery exchanges before a ceasefire brokered by the United States took effect on May 10.

“Pakistan’s airspace will continue to remain closed for Indian-registered aircraft,” the Pakistan Airports Authority said in a statement.

“The restriction will remain in effect from December 25, 2025, to January 27, 2026,” it continued. “The restriction will apply to aircraft owned, operated or leased by Indian airlines, including military flights.”

This marks the seventh extension of the ban, which has forced Indian airlines to reroute international flights, increasing fuel consumption, travel times and operating costs.

Earlier this month, Pakistan accused India of blocking humanitarian assistance destined for Sri Lanka after Cyclone Ditwah, saying a special Pakistani aircraft carrying aid was forced to wait more than 60 hours for overflight clearance.

Pakistan later sent relief supplies and rescue teams to the island nation by sea, officials said.