Latest news with #petrol
Arab News
a day ago
- Business
- Arab News
Pakistan hikes petrol price by Rs1 per liter till next fortnight
ISLAMABAD: Pakistan's government has decided to increase the price of petrol by Rs1 per liter till the next fortnight as per the recommendations of the Oil and Gas Regulatory Authority (OGRA) and relevant ministries, the Finance Division announced recently. Petrol is primarily used in Pakistan for private transportation, including small vehicles, rickshaws and two-wheelers. Diesel, on the other hand, powers heavy vehicles used for transporting goods across the country. 'The government has decided the following prices of petroleum products for the fortnight starting tomorrow, based on the recommendations of OGRA and the relevant ministries,' the Finance Division said in a statement on Saturday. After the latest revision in prices, a liter of petrol will cost Rs253.63 while the government has kept the rate of diesel unchanged at Rs254.64 per liter. Fuel prices in Pakistan are reviewed and adjusted on a fortnightly basis. This mechanism ensures that changes in import costs are reflected in consumer prices, helping to sustain the country's fuel supply chain. The Finance Division kept the price of petrol unchanged and slashed the rate of high-speed diesel by Rs2 per liter during its last review on May 16. The new price of petrol has already taken effect.
Gulf Business
2 days ago
- Business
- Gulf Business
UAE announces fuel prices for June 2025
Image: Getty Images The UAE fuel price committee has announced petrol and diesel prices for the month of June. The rates, effective from June 1, are as follows: Super 98 petrol will cost Dhs2.58 per litre, staying the same as Dhs2.58 in Special 95 petrol will be priced at Dhs2.47 per litre, compared to Dhs2.47 in May. E-Plus 91 petrol will cost Dhs2.39 per litre, the same as Dhs2.39 in May. Diesel will be charged at Dhs2.45 per litre, down from Dhs2.52 this month. The UAE adjusts
Khaleej Times
2 days ago
- Business
- Khaleej Times
UAE announces fuel prices: How much will a full tank cost in June 2025?
The UAE on Saturday, May 31, announced the fuel prices for the month of June 2025. The Fuel Prices Monitoring Committee has kept the prices unchanged from the month of May. The approved fuel prices by the Ministry of Energy are determined every month, according to the average global price of oil, whether up or down, after adding the operating costs of distribution companies. The new rates will apply from June 1 and are as follows: Depending on the type of vehicle you drive, getting a full tank of petrol in June will cost you the same as last month. Here is a breakdown of how much it would cost to get your vehicle fully fuelled up: Compact cars Average fuel tank capacity: 51 litres Sedan Average fuel tank capacity: 62 litres Category Full tank cost (June) Full tank cost (May) Super 98 petrol Dh190.92 Dh190.92 Super 95 petrol Dh182.78 Dh182.78 E-plus 91 petrol Dh176.86 Dh176.86 SUV Average fuel tank capacity: 74 litres Category Full tank cost (June) Full tank cost (May) Super 98 petrol Dh190.92 Dh190.92 Super 95 petrol Dh182.78 Dh182.78 E-plus 91 petrol Dh176.86 Dh176.86
Khaleej Times
2 days ago
- Business
- Khaleej Times
UAE petrol, diesel prices for June 2025 announced
The UAE has announced fuel prices for June. In May, fuel rates rose slightly after two months of consecutive dips. The new rates will apply from June 1 and are as follows: Since UAE deregulated petrol prices in 2015 and aligned them with global rates, the rates are revised at the end of every month.
The Sun
2 days ago
- Business
- The Sun
Rachel Reeves told petrol prices would be near record highs without current fuel duty cuts
PETROL prices would be near record highs without the current fuel duty cuts, Rachel Reeves was warned today. The AA cheered the lowest pump costs since July 2021 - but says it is solely due to the 5p cut to the hated driving tax won by The Sun's Keep It Down campaign. A drop in the price of petrol saw service stations charge 132.3p a litre on Thursday – a fall from 135.5p in early April. Without the 5p cut, the cost of fuelling a car would now be an average 138.3p a litre, according to the AA. The Keep It Down tax break for drivers is safe until next year. But Ms Reeves is under huge pressure from Labour MPs to find more money to fund benefits, and that could result in an onslaught of tax hikes at the 2026 Spring Budget. Luke Bosdet, spokesperson for the AA said: 'The importance of the continuing 5p cut in fuel duty cannot be underestimated. 'Without the duty cut, petrol would still be uncomfortably close to the record level seen before the pandemic and Ukraine war economic shock. 'The Chancellor needs to consider this in upcoming tax deliberations.' The Sun's asks Rachel Reeves' constituents their thoughts on fuel duty rises 1
