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Thursday 21 March, 2024
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Petrol Price in Pakistan increased to Rs 272 from 16 February 2023

BY Faizan Ahmed Feb 15, 2023. 11:49 pm UPDATED: Feb 16, 2023. 12:10 am

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The federal government has increased the price of petrol by Rs272 per litre in a bid to appease the International Monetary Fund (IMF) for unlocking the critical loan tranche, hours after unveiling a tax-loaded ‘mini-budget’.

A press release from the Finance Division stated that the new prices would be in effect starting at 12 a.m. tonight.

The price of petrol has been moved up to Rs272 per litre after an increase of Rs22.20, the division said, noting that the surge has taken place due to the rupee’s devaluation against the dollar.

The price of high-speed diesel has been increased to Rs280 per litre after a hike of Rs17.20. Kerosene oil will now be available at Rs202.73 per litre following a Rs12.90 hike. Meanwhile, light diesel oil will be available at Rs196.68 per litre after an increase of Rs9.68.

ProductExisting prices w.e.f 29/1/2023New prices w.e.f 16/2/2023Increase
Petrol249.8027222.20
High speel diesel262.8028017.20
Kerosene189.83202.7312.90
Light diesel oil187196.869.68
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