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Tag: an increase in the price of petrol

petrol price

Petrol Price is likely to increase by Rs 7 from February 1 in Pakistan

Before the elections, the petrol price in Pakistan is likely to increase by rupees 7 from February 1, 2024. The caretaker government will revise oil prices from January 31. Oil prices will be adjusted as per OGRA’s recommendation.

Expected Petrol Prices

In Pakistan, the price of petrol is expected to increase by 8 to 11 rupees and the price of high speed diesel by 2 to 7 rupees per liter from February 1. The price of light diesel is likely to increase by Rs 1 per liter while the price of kerosene is likely to decrease by Rs 1 50 paise per litre. It is also being indicated that the prices of kerosene and light diesel will remain unchanged for the next fortnight.

Petrol Price In Pakistan Today

Products Today Petrol Price
MS (Petrol) Rs 259.34
High Speed Diesel (HSD) Rs 276.21
Kerosene oil Rs 186.86
Light diesel oil Rs 164.83

It should be remembered that the government had reduced the prices of petroleum products by Rs. 8 from January 15.

According to the report, the caretaker government will revise the prices of petroleum products from January 31 to February 15, 2024. Petrol and diesel prices are likely to increase by Rs 7 per liter from January 31, but OGRA has not yet sent any proposal regarding the prices of petroleum products. The price revision of petroleum products will be done as per the recommendations of OGRA.

 

petrol price

Today Petrol and Diesel Price In Pakistan 16 September 2023

Petrol and Diesel Price In Pakistan

The caretaker government of Pakistan has decided to increase the prices of petroleum products from September 16, 2023. It has been decided to increase the price of petrol in Pakistan by 26 rupees 2 paise per liter. Diesel price increased by 17 rupees 34 paise per liter, notification issued.

According to the notification, the new prices will be applicable from tonight. What will happen after the increase in the prices of petroleum products?

Product Old Price New Price Difference
MS Petrol Rs. 305.36 Rs. 331.38 Rs. 26.02
Hi-Speed Diesel Rs. 311.84 Rs. 329.18 Rs. 17.34

The government has already increased the prices of petrol and high-speed diesel by around Rs 33 on September 1, 2023. International Monetary Fund (IMF) loan conditions forced the government to pass on the burden of rising commodity prices to the public.

The price increase is based on current tax rates and import parity prices, mainly due to currency fluctuations and marginal increase in international oil prices.

It should be noted that the government is charging a levy of Rs 2 per liter on petroleum. Rs 55 per liter on petrol and Rs 50 per liter on high speed diesel. A possible increase in their prices may affect inflation in October.

petrol price

Price Of Petrol In Pakistan Has Reached Close To Rs. 300

Price Of Petrol In Pakistan

Government’s decision to increase the prices of petroleum products. Decision to increase the price of petrol in Pakistan by Rs 17.50 per liter and the price of diesel by 20 rupees per liter, Notification issued.

The new prices will be applicable from 12 AM tonight, Notification. What will petroleum prices be after the increase?

Product Old Price New Price Difference
PREMIER EURO 5 Rs. 272.95 Rs. 290.95 Rs. 17.50
HI-SPEED DIESEL Rs. 273.40 Rs. 293.40 Rs. 20

According to the nofiticaiton issued by finance minister, Pertoleum prices in the international market have increased during the last fortnight. As a result the consumer prices in Pakistan are also being revised. The prices of Petroleum products w.e.f. 16th August, 2023 will therefore be as follows.

Today Petrol Price In Pakistan [15 August 2023]

The government has already increased the prices of petrol and high-speed diesel by around Rs. 20 from August 1, 2023. International Monetary Fund (IMF) loan conditions forced the government to pass on the burden of rising commodity prices to the public.

It should be noted that the government is charging a petroleum levy of Rs. 55 per liter on petrol and Rs. 50 per liter on high-speed diesel. A possible increase in their prices may affect inflation in August.