Latest petrol price in Pakistan from Jan 1

Petrol and diesel will be available at Rs214.80 per litre, and Rs227.80 per litre, respectively

By Business Desk & Saifur Rahman

Published December 31, 2022

Finance Minister Ishaq Dar announces petrol prices during a press conference on December 31, 2022. — YouTube Screengrab via PTVNewsLive

Finance Minister Ishaq Dar announced on Saturday that petrol and diesel prices would remain unchanged for the next fortnight — till January 15, 2023.

Petrol and diesel will be available at Rs214.80 per litre, and Rs227.80 per litre, respectively.

Dar, in a video address, revealed that the decision has been taken in line with Prime Minister Shehbaz Sharif's desire to provide "maximum relief to the people".

Commodity	Existing prices w.e.f 16.12.2022	New prices w.e.f 01.01.2023
Petrol	Rs214.80	Rs214.80
Diesel	Rs227.80	Rs227.80
Kerosene oil	Rs171.83	Rs171.83
Light diesel oil	Rs169	Rs169

Moreover, despite the Oil and Gas Regulatory Authority's (OGRA) request to increase the price of kerosene oil by Rs8.76 per litre, the government decided to retain the price given the winter season.

The price of light diesel oil was also retained at Rs169 per litre.

The minister added that the government has ended the levy on kerosene oil and light diesel oil. He also claimed that the decision to retain was taken despite there being an "increase" in the prices of petroleum products in the global market.

"All these decisions have been taken in line with Prime Minister Shehbaz Sharif's directions and the prices will remain intact till January 1, 2023," the finance minister explained.

It should be noted that since the start of the outgoing quarter (October- December) of the fiscal year 2022-23, the prices have cumulatively declined by: