#pol prices

POL prices to be increased from 1st March

ISLAMABAD: Price of petroleum is expected to rise by Rs. 3.97 per liter from 1st of March. The reason behind the rise is increase of petroleum prices in the international market along with increase in General Sales Tax (GST) on petroleum products.

According to the sources, except for high speed diesel, all petroleum prices are expected to increase. Petrol cost will rise from Rs. 70.29 per liter…

13% cut in POL prices: Transporters reject 20% reduction in fares

KARACHI: Despite 13 per cent reduction in petroleum, oil & lubricant (POL) prices, the public transporters in metropolis have rejected the government’s demand of slashing 20 per cent fares.

The Sindh Transport Department has issued a notification to all transporters for reducing fares by 20 percent after reduction in petroleum prices. However, the transporters said that the public transport…

Another Rs14 per litre cut in POL prices by end-Nov?

ISLAMABAD: Pakistanis received good news among the piles of bad reports when Prime Minister Nawaz Sharif announced reduction in petroleum, oil & lubricant (POL) prices on October 31 by Rs9.43 per litre. But this cut was not enough in the wake of declining world oil prices.

Brent crude is expected to trade as low as $74/barrel within 2014 after a relentless slide from levels as high as $114/b in…

10% cut in transport fares to reduce prices of food items: Bilal Yasin

LAHORE: Provincial Minister for Food Bilal Yasin has said that due to the implementation on the eight to ten percent reduction in transport fares, not only fares in transportation of goods will reduce but the prices of essential items will also decrease considerably.

He said that the process of monitoring of transport fares and petrol prices should be continued so that common man could benefit…

PostPOL price-hike challenged in LHC JI fears civil disobedience over POL, power hike

LAHORE (Online): Ameer Jamaat-e-Islami Pakistan, Syed Munawar Hassan has denounced the sharp increase in electricity tariff and the POL prices and termed it something unbearable. “If this raise was not withdrawn, the masses could start civil disobedience”, he added. In a statement...

ISLAMABAD (NNI): The Supreme Court of Pakistan ordered on Wednesday for amendments to be made in the declaration made by the Finance Ministry for increase of sales tax on POL products. A three-member bench of the Supreme Court led by Chief Justice Iftikhar Muhammad Chaudhry resumed the hearing ...

Chief Justice Lahore High Court Umar Ata Bandial sought from Oil and Gas Regulatory Authority (Ogra) the record and criteria for fixing prices of petroleum products till May 30. The Ogra sought time to file a reply as it had engaged a new counsel only on Thursday. The petitioner, Chairman ...