Fuel Prices
Rising Petroleum Levy Identified as Key Factor Behind Pakistan’s Inflation Surge
Pakistan’s recent return to double-digit inflation is increasingly being attributed to higher fuel taxation, with a new study suggesting that the government’s expanding use of the petroleum levy has played a significant role in driving up prices across the economy. A report published by the Policy Research and Advisory Council (PRAC) argues that the petroleum […]
FIA Alleges Oil Companies Received Payments for Fuel Not Yet Imported
A major controversy has emerged in Pakistan’s petroleum sector after the Federal Investigation Agency alleged that several oil marketing companies (OMCs) received government compensation payments for fuel stocks that had not even been imported at the time of payment. The revelations surfaced during an interim inquiry conducted by FIA’s Anti-Corruption Circle Karachi, which examined the […]
Government Allocates Rs. 27 Billion to Offset Fuel Price Burden
The federal government has released Rs. 27 billion to the Oil and Gas Regulatory Authority to settle outstanding price differential claims, aiming to prevent an immediate increase in fuel prices for consumers across Pakistan. This financial support represents the first tranche from the Prime Minister’s Austerity Fund and has been issued on the directives of […]