Daily Nation Pakistan
  • Pakistan
  • Business
  • Sports
  • Technology
  • Lifestyle
  • Trending

Pakistan's Leading Digital News Website

Facebook Twitter Instagram Pinterest YouTube
Facebook Twitter Instagram
  • About
  • Contact
Facebook Twitter Instagram
Daily Nation PakistanDaily Nation Pakistan
  • Pakistan
  • Business
  • Sports
  • Technology
  • Lifestyle
  • Trending
Subscribe
Daily Nation Pakistan
Latest

Petrol Price in Pakistan: Govt increases petrol price by over Rs 6

Faizan AhmedBy Faizan AhmedAugust 15, 2022Updated:August 18, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Petrol Price in Pakistan
Petrol Price in Pakistan: Govt increases petrol price by over Rs 6
Share
Facebook Twitter LinkedIn Pinterest Email

Petrol prices in Pakistan have been increased by Rs6.72 per litre by the government on Monday.

According to a statement issued by the Finance Division, “In response to fluctuations in petroleum prices on the international market and exchange rate variations, the government has decided to amend the existing pricing or petroleum goods to pass on the impact to the consumers.”

Advertisement

The government increased the cost of gasoline but decreased the cost of diesel by Rs0.51.

According to the new pricing, kerosene oil will be sold for Rs199.40 per litre, gasoline will cost Rs233.91 per litre, diesel will cost Rs244.44 per litre, and light diesel oil will cost Rs191.75 per litre.

The new prices will come into effect from August 16, 2022.

ProductExisting Prices
w.e.f
01.08.2022
New Prices
w.e.f
16.08.2022
Increase/(-) Decrease
MS (Petrol)227.19233.91+6.72
High-Speed Diesel (HSD)244.95244.44-0.51
Kerosene201.07199.40-1.67
Light Diesel Oil191.32191.75+0.43

A day earlier, Federal Minister for Finance and Revenue Miftah Ismail stated that the Government of Pakistan is unable to pay any petroleum subsidies due to the requirements laid forth for the nation by the International Monetary Fund (IMF).

The finance minister was questioned during the Geo News programme “Naya Pakistan” about whether the government intended to lower the price of gasoline starting on August 15 to reflect the decline in the global market and the strengthening of the rupee against the dollar.

The finance ministry will not impose any additional taxes or levies on petroleum products, he continued, but he also emphasised that the government could not continue to lose money by giving subsidies.

Petrol Price in Pakistan
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Faizan Ahmed

Related Posts

Earthquake in Syria and Turkey, 7.8 Magnitude – Severe Damages

February 6, 2023

CAD to PKR: Canadian Dollar Rate in Pakistan Today – 06 February 2023

February 6, 2023

USD to PKR – Dollar Rate in Pakistan | 06 February 2023

February 6, 2023

Who was Emma Pattison? Headmistress of Epsom College found dead at school

February 6, 2023
Add A Comment

Leave A Reply Cancel Reply

Advertisement

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

  • Pakistan
  • World
  • Business
  • Entertainment
  • Sports
  • Health
  • Technology
  • Viral
Daily Nation Pakistan 2022

Type above and press Enter to search. Press Esc to cancel.