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Haval Pakistan Announces Good News About Car Prices

  While leading automakers such as Pak Suzuki and Kia have raised vehicle prices following the implementation of new taxes under the Federal Budget 2025–26, Sazgar Engineering has taken a different approach. In an official announcement, the company stated that it will absorb the cost of the newly introduced New Energy Vehicles (NEV) Adoption Levy. As a result, Haval vehicle prices will remain unchanged. This decision comes at a time when Pak Suzuki Motor Company and Kia Lucky Motors increased their prices, citing the increased sales tax rate and additional levies introduced in the new fiscal policy. Suzuki models like the Alto, Cultus, and Swift saw noticeable price hikes, while Kia increased rates across most of its popular vehicles, including Sportage and Picanto. Sazgar, on the other hand, emphasized its commitment to customer welfare by maintaining price stability. “As a responsible and customer-focused organization, Sazgar has consistently taken proactive measures to protect t...
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Petrol prices likely to see sharp increase in Pakistan

The prices of petroleum products in Pakistan are expected to increase significantly despite a decline in global oil prices.

The price of high-speed diesel is likely to increase by Rs14.86 per litre, while the petrol rate is expected to rise by Rs11.43 per litre for the next fortnight, effective from July 1, 2025.

The Oil and Gas Regulatory Authority (OGRA) will submit its summary on revised petroleum prices today. The Petroleum Division and the Ministry of Finance will review the working before forwarding it to Prime Minister Shehbaz Sharif for final approval.

Meanwhile in international market, oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.

Brent crude futures fell 12 cents, or 0.18%, to $67.65 a barrel by 0718 GMT, ahead of the August contract’s expiry later on Monday. The more active September contract was at $66.56, down 24 cents

Earlier, Senate standing committee for finance on Thursday rejected the budget proposal for imposing carbon levy on petroleum with majority of vote.

The government has proposed Rs 2.5 carbon levy on petrol in federal budget for fiscal year 2025-26.

Senator Sherry Rehman opposing the levy said that there is difference between the carbon levy and carbon tax. “There is no place in the world where carbon levy been imposed but carbon tax used to be enforced”. “It requires an act of law and not enforced with the finance bill,” PPP senator further said.

Senator Mohsin Aziz said that the Supreme Court has restrained imposition of carbon levy in Zafar Iqbal Jhagra case. “It will be contempt of the court if carbon levy imposed”.

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