The federal government on Sunday decreased the petrol price by Rs3.05 but increased the price of diesel by Rs8.95 for the next fortnight.
The Finance Division, in its notification, said that in view of the fluctuations in petroleum prices in the international market and exchange rate variation, the government has decided to revise the existing prices of petroleum products to pass on the impact to the consumers.
The new prices will be effective from August 1, 2022.
|Product||Current price||New price|
w.e.f August 1
|MS (Petrol) ||230.24||227.19||-3.05|
|High-Speed Diesel (HSD)||236.00||244.95||+8.95|
|Light Diesel Oil ||191.44||191.32||-0.12|
Following the changes in the prices, petrol will now be available for Rs227.19 per litre. Previously, petrol was being sold for Rs230.34 per litre.
Meanwhile, there has been an increase of Rs8.95 in the price of high-speed diesel, after which the new price will stand at Rs244.95 per litre.
On the other hand, kerosene oil, which was previously available for Rs196.45 per litre, will now be sold for Rs201.07 per litre following an increase of Rs4.62.
Light diesel oil registered a slight decrease of Rs0.12, after which it will be sold for Rs191.32 per litre as against the previous rate of Rs191.44 per litre.
Price of yellow metal closes at Rs162,500 per tola, Rs139,318 per 10 grams
Dollar trades at Rs240 in interbank market; Asad Umar says economy is bleeding to death
In view the recent decline in global oil prices, experts believe that the rate of petrol should have been brought down...
Rupee closes at Rs236.02 in interbank market against dollar, sheds Rs3.09 or 1.31%
“Fears of default have ended and the policy makers also knew it,” says the finance minister
Rupee loses 3.05 against US dollar as political crisis grips Pakistan with Supreme Court rejecting plea to form full...