Pakistan on Friday reduced petrol and diesel prices for the second consecutive week as the government attempted to ease pressure on consumers following months of sharp increases linked to tensions in the Middle East and disruptions in global oil supplies. According to a notification issued by the Petroleum Division, petrol prices fell by Rs6 per […]
Govt cuts banks from E-bike scheme after 91% loan rejections
Pakistan’s ambitious push to promote electric mobility has hit a major roadblock after commercial banks approved only a fraction of applications under the subsidised electric bike scheme, forcing the government to overhaul its strategy. Officials told the Economic Coordination Committee that banks approved just 4,075 applications out of 44,689 received, roughly 9%, raising concerns about […]
Rs378 Petrol Explained: How Much Goes to Taxes and Profits
Pakistan’s petrol price currently stands at Rs378 per litre after the government announced a major reduction of Rs80 per litre in the petroleum levy. The revised rate came into effect on April 4, 2026, offering temporary relief to consumers following a sharp spike that had pushed prices above Rs458 per litre just a day earlier. […]