No change in POL prices anticipated for next fortnight

Pakistan(National Times)- ISLAMABAD: Petroleum product prices are expected to remain unchanged for the next fortnight starting May 1, according to industrial and official estimates. Sources told The News that petrol may decrease slightly by Re0.016 per litre, while high-speed diesel could see a marginal uptick of just Re0.01 per litre — changes so minimal they are unlikely to be passed on to consumers. Officials attributed the stability to subdued global oil prices, with Brent crude holding at $65.52 per barrel and WTI crude at $61.87 per barrel, amid concerns over oversupply and uncertainty surrounding ongoing US-China tariff talks. However, kerosene prices are expected to rise by 0.8% (Rs1.30 per litre), increasing from Rs169.38 to Rs170.68 per litre. Similarly, Light Diesel Oil (LDO) prices are likely to climb by Rs1.35 per litre, from Rs153.04 to Rs154.39 per litre. For the previous fortnight, the federal government announced that fuel prices would remain unchanged, and any savings would be diverted toward infrastructure projects. Prime Minister Shehbaz Sharif, chairing a federal cabinet meeting, stated that the funds would be used to dualise the N-25 highway linking Chaman, Quetta, Khuzdar, and Karachi, upgrading it to motorway standards. Additionally, the savings will help finance the construction of the M-6 and M-9 motorways (Sukkur-Hyderabad and Hyderabad-Karachi segments) and the completion of Phase 2 of the Kachhi Canal project to promote agricultural development in Balochistan. The prime minister stressed that the prosperity of Balochistan was vital to the prosperity of Pakistan as a whole The cabinet also approved amendments to the Petroleum Products (Petroleum Levy) Ordinance 1961 to boost national revenues, along with the Sustainable Investment Sukuk Framework to support future domestic securities issuance.



Latest News
US-Iran peace deal inches closer as PM Shehbaz says finalisation expected within a day
Five dead after Indian Air Force transport plane crashes in remote northeast
CTD claims arrest of suspect supplying drone technology to TTP in Karachi
In NA, PM Shehbaz affirms govt commitment to provinces’ development
SJC allows judges to attend political, diplomatic functions with prior approval
BUDGET 2026-27: Govt balances relief and IMF diktat
BUDGET 2026-27: Defence gets Rs3tr amid security concerns
BUDGET 2026-27: CPEC 2.0 only new project in Rs3.6tr development kitty




Multi Media   
2025 in Review: A Year of Impact and Progress in Brussels
 Multi Media
DPM-FM Senator Ishaq Dar’s High-Level Brussels Visit: Key Highlights
 Multi Media
Embassy of Pakistan 🇵🇰 in Brussels || Quarterly Recap of Activities, Engagements & Outreach
 Multi Media
DPM Dar sends Trump peace prize nomination to Nobel Committee
 Multi Media
Pak Navy Chief Visits Foreign Ships Participating in Ninth Multinational Naval Exercise Aman | ISPR