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Wednesday May 22, 2024

Govt increases petrol price for next fortnight

Petrol's price has been increased to Rs282 per litre

By Business Desk
April 15, 2023
An employer of a petrol pump fills the fuel tank of a bike in Karachi, on March 17, 2023. — TheNews
An employer of a petrol pump fills the fuel tank of a bike in Karachi, on March 17, 2023. — TheNews

ISLAMABAD: The federal government has increased the price of petrol by Rs10 per litre for the next fortnightly review, announced Federal Minister for Finance Ishaq Dar.

In a statement, the Finance Division said the rationale behind a hike in the price of petroleum products was the "increase in petroleum prices in the international market and exchange rate variation".

Petrol's price has been increased to Rs282 per litre, while high-speed diesel and light diesel oil rates will remain stable at Rs293 per litre and Rs174.68 per litre, respectively, the statement from the Finance Division read.

However, an increase of Rs5.78 per litre has been made to the price of kerosene oil, moving it from Rs180.28 per litre to Rs186.07 per litre.

ProductExisting prices w.e.f
1.04.2023
New prices
w.e.f
16.04.2023
Increase
Petrol272282Rs10
High-speed diesel293293Nil
Kerosene180.28186.07Rs5.78
Light diesel oil174.68174.68Nil