Business

Latest petrol price from August 16

The government has increased the prices of petrol by Rs6.72/litre and light diesel oil by 0.43/litre

By Saifur Rahman
August 15, 2022
A representational image of a petrol station staffer filling a cars fuel tank.
A representational image of a petrol station staffer filling a car's fuel tank.

ISLAMABAD: The Government of Pakistan on Monday increased the price of petrol by Rs6.72 for the next fortnight.

In the wake of fluctuation 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, effective from August 16, 2022, are as follows:

ProductExisting Prices
w.e.f
01.08.2022		New Prices
w.e.f
16.08.2022		Increase/(-) Decrease
MS (Petrol)227.19233.91+6.72
High-Speed Diesel (HSD)244.95244.44-0.51
Kerosene201.07199.40-1.67
Light Diesel Oil191.32191.75+0.43

No subsidy on petroleum products: Miftah Ismail

Speaking during Geo News' show Naya Pakistan on August 14, Finance Minister Miftah Ismail said that the government can't afford to subsidise petroleum products.

“The finance ministry will not impose any more taxes and levies on petroleum products, but the government could not bear any more losses by providing subsidies,” the minister said.