ISLAMABAD: The petrol price in the country will remain unchanged at Rs149.86 per litre till March 31, a statement from the Finance Division said Tuesday.
"In line with decision of the Prime Minister in the last fortnightly review, the petroleum product prices to remain unchanged despite abnormal price increase in international market," the statement said.
Following the decision to keep the prices unchanged, the statement said the government will bear the "additional burden" of Rs30 billion for the fortnight — 16-31 March.
Following will be the new rates:
Product | New Prices w.e.f. 16-03-2022 | New Prices w.e.f. 01-04-2022 | Increase / (-) Decrease |
MS (Petrol) | 149.86 | 149.86 | 0 |
High Speed Diesel (HSD) | 144.15 | 144.15 | 0 |
Kerosene (SKO) | 125.56 | 125.56 | 0 |
Light Diesel Oil | 118.31 | 118.31 | 0 |
In a surprising move last month, Prime Minister Imran Khan, during his address to the nation, had announced slashing the petrol and diesel price by Rs10 per litre.
The prime minister said that the government had decided to reduce petrol and diesel prices by Rs10 and the electricity tariff will drop by Rs5. "The price of these commodities will not rise till the next budget."