Devadwal
Test Star
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Lol ...but These kanglu talk too much 
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Contact the PP Team
Oil shock incoming? How the Iran-US conflict could hit global fuel prices
- Thread starter Cricket Warrior
- Start date
Not worth the risk imo⌠if you get caught the implications are not worth it.. pay up like the rest of us, thats if you can get the fuel in the first place..
finalfantasy7
ODI Debutant
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What Are Petrol-Diesel Prices in Bengaluru, Kolkata, and Hyderabad Today? Latest Rates After Excise Cut
Fuel prices have stabilized in major Indian cities following a reduction in excise duties by the government, aimed at assisting oil marketing companies facing losses amid global oil volatility. In Bengaluru, petrol prices have remained steady at âš102.96 per litre, with minimal fluctuations observed recently.
Fuel prices remained largely stable across major cities on Friday after the Government of India reduced special additional excise duties (SAED) on petrol and diesel. The move is aimed at helping oil marketing companies (OMCs) manage rising losses due to global oil market volatility. Tensions in West Asia, especially concerns around the Strait of Hormuz, have pushed crude oil prices higher, creating pressure on fuel costs.
Petrol Prices in Bengaluru Stay Unchanged
In Bengaluru, petrol prices have remained steady at âš102.96 per litre over the past week, from March 21 to March 26.The only slight change was recorded on March 20, when the price increased by âš0.04 from âš102.92. Since then, there has been no day-to-day fluctuation, showing stability despite global uncertainty.
Petrol Prices in Chennai, Kolkata and Hyderabad
Chennai: Today's petrol price in Kolkata is at âš105.45 per litre, reflecting a slight increase compared to yesterday's rate of âš105.41. Over the past 10 days, fluctuations have been observed, with prices ranging between âš105.41 and âš105.45.Hyderabad: Today's petrol price in Hyderabad is at âš107.46 per litre, reflecting a slight decrease compared to yesterday's rate of âš107.50. Over the past 10 days, fluctuations have been observed, with prices ranging between âš107.46 and âš107.5.
Kolkata: Today's petrol price in Kolkata is at âš105.45 per litre, reflecting a slight increase compared to yesterday's rate of âš105.41. Over the past 10 days, fluctuations have been observed, with prices ranging between âš105.41 and âš105.45.
Excise Cut vs Premium Fuel Price Hike
Even as the government reduced duties, some oil companies have increased prices of premium petrol variants. State-run firms like Hindustan Petroleum Corporation Limited and Indian Oil Corporation have raised premium petrol prices by around âš2 per litre. In Delhi, premium petrol is now priced at âš101.89 per litre. Meanwhile, Nayara Energy has increased petrol prices by âš5 per litre and diesel by âš3 per litre.However, the government has said that this will impact only a small section of users, as premium fuel makes up just 2â4% of total daily petrol consumption. Regular petrol prices, used by most people, remain unchanged.
Fuel Supply Normal in Jaipur, Panic Buying Seen
In Jaipur, petrol and diesel supplies remain normal, and there is no shortage. However, amid rumours, some people rushed to fuel stations to fill their tanks. Petrol pump operators said that while supply from companies is steady, sales have increased two to three times in recent days due to public fear.The administration has urged people to avoid panic buying and assured that fuel is available for everyone.
Why Fuel Prices Are Under Pressure
There is a contradiction worth noting. Even as the government reduces taxes, some oil companies have been moving in the opposite direction. HPCL and Indian Oil have both raised the price of premium petrol by roughly Rs 2 per litre, with Delhi's premium petrol now sitting at Rs 101.89. Nayara Energy went further, hiking petrol by Rs 5 and diesel by Rs 3 per litre.The government insists this affects very few people, as premium fuel accounts for only 2â4% of total petrol sold daily. Regular petrol prices, used by most commuters, remain unchanged for now.
The underlying pressure comes from global crude oil markets. India's crude import basket hit $146.09 per barrel on 17th March, more than double February's level, driven largely by supply worries linked to tensions around the Strait of Hormuz. Rising input costs are squeezing oil companies' margins, with analysts at Elara Capital warning that if crude stays above $110 a barrel, petrol and diesel margins could fall by over Rs 6 per litre.Industrial diesel has already felt the pinch sharply, jumping from Rs 87.67 to Rs 109.59 per litre.
What It Means for Consumers
For now, regular petrol and diesel prices remain stable in most cities, offering relief to daily commuters. However, continued global uncertainty may impact fuel prices in the coming weeks if crude oil rates remain high.
Source:
What Are Petrol-Diesel Prices in Bengaluru, Kolkata, and Hyderabad Today? Latest Rates After Excise Cut
Fuel prices have stabilized in major Indian cities following a reduction in excise duties by the government, aimed at assisting oil marketing companies facing losses amid global oil volatility. In Bengaluru, petrol prices have remained steady at âš102.96 per litre, with minimal fluctuations...
KingKhanWC
World Star
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- Jan 2, 2010
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You do whatâs necessary . Unlikely to be prosecuted in such times. If so itâs only a fine .
Today I filled up the cars at 1.79l
emranabbas
Test Debutant
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Kianig89
ODI Star
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- Oct 30, 2012
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So Price of High Octane Fuel is Rs.610/- litre in Pakistan, Aramco took a bold step and they have started selling it at Rs.410/-.
Devadwal
Test Star
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Pakistan did not take advantage of its relations with Saudi Arabia, Iran, Qatar etc... You guys should have bought oil at such cheap prices before the war . Iran is sharing border yet nothing your earlier and current government done.
Not trolling but real fact.
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PM Shehbaz again rejects increase in petrol, diesel prices
Prime Minister Shehbaz Sharif announced on Friday that he had rejected another recommendation for an increase in the prices of petrol and high-speed diesel (HSD).
He made the announcement during an address to the nation, saying that he had been recommended to approve an increase of Rs95 per litre in the price of petrol and Rs203 per litre in that of HSD.
âHowever, I have rejected it,â he said.
The announcement comes a week after he said he rejected an increase of Rs76 per litre in the price of petrol Rs177 per litre in that of HSD. In the same instance, the premier had also said that he had rejected a similar recommendation earlier as well, following a hike in oil prices in the international market on March 13.
The developments take place amid a global fuel crisis resulting from the US-Israeli war on Iran, which began on February 28.
The government announced unprecedented austerity measures on March 9 and also hiked petroleum productsâ prices earlier this month in the first steps to deal with the situation.
Moreover, the Centre and the provinces also agreed today to immediately roll out a mobile application-based quota system for the provision of fuel for two- and three-wheelers to ensure a targeted subsidy for the low-income strata and minimise the leakage of public money into untargeted avenues.
In this context, PM Shehbaz said in his address today that the world was currently facing an âextraordinary and extremely challenging situationâ, in which even big economies were helpless.
âEven developed countries, which have resources in abundance, are facing an extreme economic crisis,â he said, adding that the potential impact of this economic crisis was not difficult to assess.
But, he said, âwe had been preparing beforehand to deal with this storm. We immediately took decisions that were not easy to takeâ.
The premier said a cut of Rs100 billion in the development budget and austerity measures had allowed the government to reduce the economic burden on the people.
âIt must be clear to you that today, every litre of petrol that is filled in your vehicle reflects the governmentâs policy of austerity and its realisation of responsibility,â he said.
PM Shehbaz said it had been recommended to him to approve an increase of Rs95 per litre in the price of petrol and Rs203 per litre in the price of HSD for the week starting today.
âBut, I rejected it once again, considering difficulties, and the federal government has once again decided to bear this burden,â he said. The premier reiterated that the federal government would bear the burden of Rs56bn this week so that the people did not have to bear it.
He said that keeping in view the fuel prices in the international market, the price of petrol in Pakistan should presently be Rs544 per litre. âBut you are getting it for just Rs322,â he said.
Similarly, he said, the price of HSD should have been Rs790 per litre, âbut the government is providing it to you for just Rs335 per litre so that your burden and difficulties donât increaseâ.
He said these figures may seem mere numbers, âbut the government has borne the historic burden of Rs125bn over a period of three weeks so that you donât have to bear itâ.
PM Shehbaz said this amount could have been utilised for several development projects. âBut at this point, nothing is more important to me than your economic security,â he said.
He urged the people to bring a ârevolutionary changeâ in their daily lives. âThink before travelling whether it is necessary; whether it is necessary to travel in a car or on a motorcycle every time.â
He said the austerity was not an option anymore but a collective responsibility.
PM Shehbaz said while long queues for fuel and skyrocketing prices were seen in other countries, his government had taken timely and effective measures to cushion the effects of the âstorm of inflationâ.
âBut the government cannot do this alone. I cannot do this alone. I request that you fully cooperate regarding a comprehensive plan that we are devising to deal with this challenging situation,â he said, adding that the plan would be announced in the coming days.
Prime Minister Shehbaz Sharif announced on Friday that he had rejected another recommendation for an increase in the prices of petrol and high-speed diesel (HSD).
He made the announcement during an address to the nation, saying that he had been recommended to approve an increase of Rs95 per litre in the price of petrol and Rs203 per litre in that of HSD.
âHowever, I have rejected it,â he said.
The announcement comes a week after he said he rejected an increase of Rs76 per litre in the price of petrol Rs177 per litre in that of HSD. In the same instance, the premier had also said that he had rejected a similar recommendation earlier as well, following a hike in oil prices in the international market on March 13.
The developments take place amid a global fuel crisis resulting from the US-Israeli war on Iran, which began on February 28.
The government announced unprecedented austerity measures on March 9 and also hiked petroleum productsâ prices earlier this month in the first steps to deal with the situation.
Moreover, the Centre and the provinces also agreed today to immediately roll out a mobile application-based quota system for the provision of fuel for two- and three-wheelers to ensure a targeted subsidy for the low-income strata and minimise the leakage of public money into untargeted avenues.
In this context, PM Shehbaz said in his address today that the world was currently facing an âextraordinary and extremely challenging situationâ, in which even big economies were helpless.
âEven developed countries, which have resources in abundance, are facing an extreme economic crisis,â he said, adding that the potential impact of this economic crisis was not difficult to assess.
But, he said, âwe had been preparing beforehand to deal with this storm. We immediately took decisions that were not easy to takeâ.
The premier said a cut of Rs100 billion in the development budget and austerity measures had allowed the government to reduce the economic burden on the people.
âIt must be clear to you that today, every litre of petrol that is filled in your vehicle reflects the governmentâs policy of austerity and its realisation of responsibility,â he said.
PM Shehbaz said it had been recommended to him to approve an increase of Rs95 per litre in the price of petrol and Rs203 per litre in the price of HSD for the week starting today.
âBut, I rejected it once again, considering difficulties, and the federal government has once again decided to bear this burden,â he said. The premier reiterated that the federal government would bear the burden of Rs56bn this week so that the people did not have to bear it.
He said that keeping in view the fuel prices in the international market, the price of petrol in Pakistan should presently be Rs544 per litre. âBut you are getting it for just Rs322,â he said.
Similarly, he said, the price of HSD should have been Rs790 per litre, âbut the government is providing it to you for just Rs335 per litre so that your burden and difficulties donât increaseâ.
He said these figures may seem mere numbers, âbut the government has borne the historic burden of Rs125bn over a period of three weeks so that you donât have to bear itâ.
PM Shehbaz said this amount could have been utilised for several development projects. âBut at this point, nothing is more important to me than your economic security,â he said.
He urged the people to bring a ârevolutionary changeâ in their daily lives. âThink before travelling whether it is necessary; whether it is necessary to travel in a car or on a motorcycle every time.â
He said the austerity was not an option anymore but a collective responsibility.
PM Shehbaz said while long queues for fuel and skyrocketing prices were seen in other countries, his government had taken timely and effective measures to cushion the effects of the âstorm of inflationâ.
âBut the government cannot do this alone. I cannot do this alone. I request that you fully cooperate regarding a comprehensive plan that we are devising to deal with this challenging situation,â he said, adding that the plan would be announced in the coming days.
PM Shehbaz again rejects increase in petrol, diesel prices
Says it had been recommended to increase the price of petrol by Rs95 per litre and that of HSD by Rs203 per litre, but he rejected the proposed hike.
www.dawn.com
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- Aug 12, 2023
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- 24,621
Airlines Struggle as Jet Fuel Costs Jump by Rs 84 Per Litre
Jet fuel prices in Pakistan have witnessed another sharp increase, rising by Rs 84 per litre, ARY News reported.
Following this latest uptick, the price of jet fuel (JP-1) has climbed to a record Rs 472 per litre. This marks a staggering overall increase of approximately Rs 282 since March 1, when the price was set at just Rs 190 per litre.
Airlines are reportedly struggling to maintain flight operations as operational costs soar. A further hike in airfares is highly likely as carriers pass the burden of increased fuel expenses onto passengers.
This is the fourth time jet fuel prices have been revised upward since the beginning of March, reflecting the extreme volatility in the global energy market.
Earlier, following a recent hike in petroleum prices, the government has now increased the price of Jet fuel (JP-1 fuel) used by commercial aircraft, ARY News reported.
The government raised the jet fuel price by Rs 154 per litre, bringing the cost to a record Rs 342.37, up from the previous Rs 188.93.
This represents a staggering 82 percent increase, which is likely to result in an airfare uptick of at least Rs 5,000. Aviation experts noted that airlines will inevitably raise fares to cover the surge in operational expenditures.
Yesterday, the government of Pakistan had announced a sharp increase in petrol prices, citing rising global oil costs linked to escalating tensions in the Middle East.
Speaking at a press conference in Islamabad, federal ministers have announced an increase of Rs. 55 per litre in the prices of petrol and diesel.
Under the new prices, petrol will cost Rs. 321.17 per litre, while diesel will increase from Rs. 275.70 to Rs. 335.86 per litre.
Deputy Prime Minister and Foreign Minister, Ishaq Dar, has said that the decision had been taken after oil prices surged in the international market following a widening conflict in the region.
He told reporters that the situation intensified after an attack on Iran, adding that the conflict had expanded over the past 48 hours, with Turkey and Azerbaijan also becoming involved, pushing global petroleum prices significantly higher.
Petroleum Minister Ali Pervaiz Malik, who also attended the briefing, described the increase as a difficult decision. He said the government was trying to ensure the countryâs energy needs were met during a challenging period.
IMF urges Pakistan to increase petrol prices immediately
The International Monetary Fund (IMF) has urged Pakistan to immediately increase petrol and diesel prices, sources said.
According to sources, the demand was made during virtual talks between Pakistani authorities and an IMF delegation.
arynews.tv
Jet fuel prices in Pakistan have witnessed another sharp increase, rising by Rs 84 per litre, ARY News reported.
Following this latest uptick, the price of jet fuel (JP-1) has climbed to a record Rs 472 per litre. This marks a staggering overall increase of approximately Rs 282 since March 1, when the price was set at just Rs 190 per litre.
Airlines are reportedly struggling to maintain flight operations as operational costs soar. A further hike in airfares is highly likely as carriers pass the burden of increased fuel expenses onto passengers.
This is the fourth time jet fuel prices have been revised upward since the beginning of March, reflecting the extreme volatility in the global energy market.
Earlier, following a recent hike in petroleum prices, the government has now increased the price of Jet fuel (JP-1 fuel) used by commercial aircraft, ARY News reported.
The government raised the jet fuel price by Rs 154 per litre, bringing the cost to a record Rs 342.37, up from the previous Rs 188.93.
This represents a staggering 82 percent increase, which is likely to result in an airfare uptick of at least Rs 5,000. Aviation experts noted that airlines will inevitably raise fares to cover the surge in operational expenditures.
Yesterday, the government of Pakistan had announced a sharp increase in petrol prices, citing rising global oil costs linked to escalating tensions in the Middle East.
Speaking at a press conference in Islamabad, federal ministers have announced an increase of Rs. 55 per litre in the prices of petrol and diesel.
Under the new prices, petrol will cost Rs. 321.17 per litre, while diesel will increase from Rs. 275.70 to Rs. 335.86 per litre.
Deputy Prime Minister and Foreign Minister, Ishaq Dar, has said that the decision had been taken after oil prices surged in the international market following a widening conflict in the region.
He told reporters that the situation intensified after an attack on Iran, adding that the conflict had expanded over the past 48 hours, with Turkey and Azerbaijan also becoming involved, pushing global petroleum prices significantly higher.
Petroleum Minister Ali Pervaiz Malik, who also attended the briefing, described the increase as a difficult decision. He said the government was trying to ensure the countryâs energy needs were met during a challenging period.
IMF urges Pakistan to increase petrol prices immediately
The International Monetary Fund (IMF) has urged Pakistan to immediately increase petrol and diesel prices, sources said.
According to sources, the demand was made during virtual talks between Pakistani authorities and an IMF delegation.
Airlines Struggle as Jet Fuel Costs Jump by Rs 84 Per Litre
KARACHI: Jet fuel prices in Pakistan have witnessed another sharp increase, rising by Rs 84 per litre, ARY News reported.
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