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Govt hikes per litre price of petrol and diesel by Rs30

New prices will go into effect at midnight

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Govt hikes per litre price of petrol and diesel by Rs30
GNN Media: Representational Photo

Islamabad: The federal government Thursday announced hike in per litre price of petrol and diesel by Rs30 each.

The announcement came after the International Monetary Fund (IMF) emphasised abolishing the subsidies on the commodities.

Federal Finance Minister Miftah Ismail announed raise during a press conference.

In a tweet, the minister said: "Government has decided to increase the prices of Petrol, High Speed Diesel, Kerosene Oil and Light Diesel Oil by Rs 30 per litre from Friday May 27, 2022. New prices will go into effect at midnight. The new price of petrol will be Rs 179.86 & diesel will be Rs 174.15 per litre."

Petrol will now be available at Rs179.86, diesel Rs174.15, Kerosene oil Rs155.56 and Light diesel Rs148.31.

Ismail said the government had no other option but to raise the prices, adding that "we are still bearing a loss of Rs56 per litre on diesel" even under the new pricing.

Business

Nepra notifies Rs7.90 per unit hike in electricity tariff

The people will be burdened with more than Rs 113 billion

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Nepra notifies Rs7.90 per unit hike in electricity tariff

Islamabad: The National Electric Power Regulatory Authority (NEPRA) on Thursday notified Rs7.90 per unit increase in power tariff.

The increase in electricity prices by NEPRA was made in the context of the fuel adjustment for the month of May which will be collected in next month's bills. The people will be burdened with more than Rs 113 billion.

The increase will put an additional burden of Rs113 billion on the consumers of 10 power distribution companies. 

However, the notification will not apply to lifeline and Karachi-Electric (KE) consumers.  

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Regional

Pak Army rescues stranded mountaineers from Nanga Parbat

Shehroze Kashif and Fazal Ali were rescued by army aviation pilots

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Pak Army rescues stranded mountaineers from Nanga Parbat

Rawalpindi: The Pakistan Army aviation helicopters and pilots on Thursday successfully rescued the stranded mountaineers Shehroze Kashif and Fazal Ali from Nanga Parbat and landed at Jaglot near Gilgit.

The Pakistan Army, since yesterday, was coordinating a high risk rescue operation to evacuate stranded mountaineers Shehroze Kashif and Fazal Ali who were stuck at Nanga Parbat.

The Pakistan Army aviation helicopters and a ground search team comprising high altitude porters and rescuers were employed to rescue the mountaineers, said an Inter Services Public Relations (ISPR) news release.

The Pakistan Army aviation pilots, in a daring attempt, flew two helicopter missions despite bad weather conditions on Wednesday, but could not pick up the mountaineers due to dense clouds and very high altitude.

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Pakistan

PM Shehbaz Sharif receives Turkiye’s new Ambassador

PM extended best wishes to him for a successful term in Pakistan

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PM Shehbaz Sharif receives Turkiye’s new Ambassador

Islamabad: Prime Minister Muhammad Shehbaz Sharif received Turkiye’s new Ambassador Mehmet Pacaci today.

The Prime Minister felicitated the Ambassador on his appointment and extended best wishes to him for a successful term in Pakistan.

The Prime Minister stated that Pakistan-Turkiye fraternal ties were unparalleled in inter-state relations in terms of mutual trust, understanding and mutual support on each other’s national causes. He expressed hope that during the Ambassador’s tenure, bilateral cooperation will be further strengthened, especially in the trade and investment domains. 

Prime Minister Shehbaz Sharif expressed gratitude for Turkiye’s steadfast support on Jammu and Kashmir dispute and reiterated Pakistan’s commitment on Turkiye’s core interests.

Recalling his visit to Turkiye in June 2022, the Prime Minister conveyed that he was looking forward to welcoming President Recep Tayyip Erdoğan for the 7th session of High-Level Strategic Cooperation Council (HLSCC) in Pakistan in September 2022.

The Prime Minister also highlighted the significance of 75th anniversary of Pakistan-Turkiye diplomatic relations and underscored the importance of celebrating this milestone in a befitting manner through commemorative events in both countries.

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