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Tuesday 11 June, 2024
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Petrol Prices in Pakistan reduced by Rs 13 from 1 October

BY Faizan Ahmed Sep 30, 2022. 05:20 pm UPDATED: Sep 30, 2022. 05:51 pm

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Petrol Prices in Pakistan reduced by Rs 13 from 1 October as significant decrease of POL rates in the international markets. New petrol price is Rs 224. 80 per litre

Diesel price is also reduced by Rs 12.13

Price of Kerosine oil has been reduced by Rs 10.19

Price of light diesel has also been reduced by Rs 10.78

Commodity

Existing prices
w.e.f.
21.09.2022

Proposed prices
w.e.f.
01.10.2022

Petroleum levy

Sales tax %

Increase/(-) Decrease

PetrolRs237.42Rs224.80Rs32.420.00%Rs-12.63
DieselRs247.43Rs235.30Rs12.580.00%Rs-12.13
Kerosene oilRs202.02Rs191.83Rs150.00%Rs-10.19
Light diesel oilRs197.28Rs186.50Rs100.00%Rs-10.78

Details indicate that the new petroleum pricing will be determined by the oil prices on the global market as of September 29.

But if the government decides to keep the petroleum levy in place, only then will the price of gasoline and diesel in Pakistan be able to decrease (PL).

According to estimates, we can anticipate a decrease of Rs. 5 per litre for gasoline and Rs. 15 per litre for diesel if the government maintains the PL.

It is important to note that the government must raise the gasoline charge to Rs. 50 per litre in accordance with a deal with the International Monetary Fund (IMF).

For gasoline and diesel, the current petroleum levy rates are Rs. 37 per litre and Rs. 7.50, respectively.

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