47 h. ago Oil prices hold steady amid strong US jobs data and tariff uncertainty

Oil prices remained largely unchanged on Friday as fresh U.S. employment data supported expectations that the Federal Reserve may hold interest rates steady. Meanwhile, uncertainty over President Donald Trump’s upcoming tariff announcements kept investors cautious. Brent crude futures edged up by just 1 cent, trading at $68.81 per barrel, while U.S. West Texas Intermediate (WTI) […]

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3 d. ago Oil prices remain flat as OPEC+ supply boost, dollar weakness balance outlook

Oil prices remained mostly flat on Wednesday as traders weighed rising supply expectations from OPEC+ against a weakening U.S. dollar and mixed economic indicators. Market sentiment remains cautious amid global demand uncertainty. Brent crude edged up just 2 cents to $67.13 a barrel by 0345 GMT, while U.S. West Texas Intermediate (WTI) slipped 1 cent […]

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4 d. ago Fuel prices hiked in UAE for july, petrol and diesel become costlier

The United Arab Emirates has announced new fuel prices for July, increasing the cost of both petrol and diesel. The Fuel Price Committee confirmed that the new rates have taken effect from July 1, 2025. This monthly revision reflects global oil trends and aims to adjust domestic prices accordingly. According to Geo News, the price […]

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5 d. ago Petrol price increased by Rs8.36 per litre for next fortnight

ISLAMABAD: The federal government on Monday announced an increase in the petrol price by Rs8.36 per litre for the next fortnight starting July 1. Earlier, on June 16, 2025, petrol became Rs4.80 more expensive per litre, while high-speed diesel went up by Rs7.95 per litre. International oil prices edged down on Monday as investors weighed […]

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5 d. ago Big cut in LPG Rates in Pakistan ahead of July Petrol Price Review

ISLAMABAD – Relief for masses as Oil and Gas Regulatory Authority (OGRA) announced drop in price of Liquefied Petroleum Gas

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7 d. ago Fuel prices likely to increase from july 1 in Pakistan amid global oil volatility

KARACHI – Fuel prices in Pakistan are expected to rise from July 1 due to surging global oil rates, although the hike may be softened if the government lowers petroleum levies temporarily. According to Arif Habib Limited (AHL), international diesel prices jumped 10.3% to $87.18 per barrel in the second half of June, while petrol […]

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1 week ago Refineries warn of shutdowns as new furnace oil levies threaten viability

ISLAMABAD – The Oil Companies Advisory Council (OCAC) has warned that proposed carbon and petroleum levies on furnace oil could force local refineries to shut down due to soaring operational costs. OCAC Chairman Adil Khattak cautioned that these levies might increase furnace oil prices by more than 80%, making operations financially unsustainable for many refineries. […]

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1 week ago Brent nears $80, WTI crosses $76 as Middle East war sends Oil Prices soaring

ISLAMABAD – Amid growing fear of inflation and deficit, global oil prices continue to cimb higher as the US attacked

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2 w. ago Ghee, Cooking Oil Prices increased by Rs10/kg after Budget 2025; Check new rates

KARACHI – Another blow to inflation weary masses as prices of ghee and cooking oil moved up by Rs 10

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2 w. ago Govt to pass rising oil costs to consumers, keeps petroleum Levy unchanged

The government has decided not to increase the Petroleum Development Levy (PDL) despite rising oil prices caused by tensions in the Middle East. Instead, the extra cost will be passed directly to consumers. This announcement came from the Finance Secretary during a briefing to the National Assembly Standing Committee on Finance and Revenue, chaired by […]

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2 w. ago Petrol, diesel prices likely to rise again as global oil costs surge

ISLAMABAD – Fuel prices in Pakistan are expected to rise once again for the next 15 days, with petrol likely to go up by Rs1.12 and diesel by Rs5.27 per litre, sources revealed on Sunday. The increase comes in response to rising global oil prices. According to insiders, the Oil Companies Advisory Council (OCAC) has […]

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3 w. ago Fuel prices to spike june 16 as govt sets up watchdog committee

The government announced that petrol and diesel prices will rise starting June 16 due to a sharp surge in global oil prices. This increase follows recent missile exchanges between Israel and Iran, which have unsettled oil markets worldwide. The ex-depot price of high-speed diesel (HSD) may increase by about Rs 5 per litre, affecting transport […]

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3 w. ago Rising oil prices threaten Pakistan’s Rs 1.16 trillion petroleum levy goal

The federal government of Pakistan may miss its target to collect Rs 1,161 billion in petroleum levy this fiscal year. The recent surge in global oil prices, triggered by the Israel-Iran conflict, has pushed up fuel costs both internationally and domestically. This increase threatens the government’s expected revenue from fuel taxes. After Israel’s attacks on […]

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3 w. ago Global unrest hits home: SBP set to maintain interest rate at 12%

The State Bank of Pakistan (SBP) is expected to keep its interest rate at 12% in its meeting on Monday. Earlier, analysts had predicted a rate cut. But after Israel’s recent military strike on Iran, many changed their views. The risk of higher oil prices and global instability raised fears of inflation. A Reuters snap […]

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3 w. ago UAE markets drop as Israel strikes Iran, oil and gold prices surge

Markets in the United Arab Emirates fell sharply on Friday after Israel launched wide strikes against Iran’s nuclear and military facilities. Dubai’s main index dropped 5.1% early, while Abu Dhabi’s index fell 3.5% before recovering slightly. By mid-morning, losses eased but remained significant amid rising concerns. Israel targeted Iran’s nuclear sites, ballistic missile factories, and […]

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