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Tag: an increase in the price of petrol

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.