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Tag: ogra petrol price in pakistan today

petrol price

Petrol price in Pakistan reduced by 8 rupees from January 16, 2024

Petrol price in Pakistan

The caretaker government of Pakistan has reduced the price of petrol by Rs 8 per liter for the next fortnight from Monday. The new price was fixed at Rs 259.34 per litre. However, there was no change in the price of diesel.

Products Old Price New Price Difference
MS (Petrol) Rs 267.34 Rs 259.34 Rs -8
High Speed Diesel (HSD) Rs 276.21 Rs 276.21 Rs 0
Kerosene oil Rs 188.83 Rs 186.86 Rs. -1.97
Light diesel oil Rs 165.75 Rs 164.83 Rs. -0.92

In the latest revision, the prices of kerosene and light diesel oil have been reduced by Rs 1.97 and Rs 0.92 per liter respectively.

OGRA Petrol Prices in Pakistan from January 1, 2024

It may be recalled that in the last fortnight, the government had kept the prices of petrol and diesel at Rs 267.34 and Rs 276.21 per liter respectively.

Kerosene oil price decreased by Rs 2.19 to Rs 188.83 per liter while light diesel oil was sold at Rs 165.75. Because the government has increased the prices of commodities by 1.11 rupees.

 

petrol price

Expected Petrol Prices In Pakistan After 15 October 2023

Expected Petrol Prices In Pakistan

The people of crisis-hit Pakistan are likely to breathe a sigh of relief as the price of petrol is expected to drop by Rs 35 per liter from October 16, 2023. After the reduction in petrol prices, the expected petrol prices will be Rs 285 per liter in Pakistan.

New Petrol Price in Pakistan

If the reduction in petroleum prices is approved, the price of petrol per liter will be Rs 285.38 and diesel price will be Rs 298.18 from October 16, 2023.

The government currently levies a petroleum development levy of Rs 50 per liter on high-speed diesel. The government can also maintain the price by increasing the levy by Rs 10 per liter as it aims to collect Rs 869 billion through levy during the current fiscal year as per the IMF condition.

Currently, the government levies a tax of around Rs 82 per liter on petrol and Rs 73 on HSD.

Lockdown In Lahore, Order To Keep Schools and Shops Closed

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.

today Petrol Price In Pakistan

Petrol Prices In Pakistan Today August 2022 – MBDIN

The government of Pakistan has already imposed Rs. 10 per liter levy on petroleum from July 2022, which will have to be further increased by another Rs. 10 from August 1, 2022 until it gradually reaches Rs 50 per liter. Petrol prices in Pakistan today August 2022 will be increased by Rs. 10.

Government to increase petroleum levy on IMF demand? 

It is hinted by the analyst that the government to increase petroleum levy on IMF Demand. The government of Pakistan will once again raise the petroleum levy to meet the remaining one prior condition that IMF (International Monetary Fund) had set for calling the board meeting to revive the program.

While speaking at a seminar, the Finance Minister Miftah Ismail hinted that the petroleum levy would now be reviewed and the IMF Board would hold its meeting by the end of the next month. In a report, government officials confirmed to the media that the government will have to jack up the petroleum levy further from August 1, 2022, for implementing the last prior action of IMF.

The Finance Minister Miftah Ismail said that the IMF had set the previous conditions of approval of the new budget, a memorandum of understanding with the provinces to create cash surpluses, raising petroleum levy rates, increasing electricity prices in the month of July, August, and October, and increasing interest rates. He said that these conditions have been met.

The government has already imposed Rs. 10 per liter levy on petrol from July 2022, which will have to be further increased by another Rs. 10 on August 1 until it gradually reaches Rs. 50 per liter. Currently, petrol is being sold at Rs 230.24 per liter and diesel at Rs. 236.

Also read this: Record rise in the price of gold, the dollar closed at the level of Rs 239

A day earlier, the local currency plunged to a new low against the US dollar, which continued to strengthen for the ninth straight session in the interbank market. The greenback closed at an all-time high of Rs. 236.02 in the interbank market, up from Rs 232.93 a day earlier, as it shed Rs 3.09 or 1.31%.

Senate Standing Committee on Finance held a meeting under the chairmanship of Saleem Mandiwala. Senator Dinesh Kumar said in the meeting that the current rate of the dollar should be 219 rupees. Revealed that five lakh dollars have been seized from a person in Quetta. Close three borders and the dollar will automatically come down.

He further said that if oil is imported from Iran, petrol will be available in Pakistan for 150 rupees. Anwar-ul-Haq Kakar said that if oil is brought from Iran, our provincial leadership will be affected. Important people collect 5 crore rupees in one night. On the other hand, Amir Jamaat-e-Islami Balochistan Maulana Abdul Haq Hashmi has said that the rulers and the opposition are busy saving their seats and have nothing to do with the increase in dollar and petrol prices and loans.

To solve the long-standing problems of Balochistan and the provincial capital, the rulers have to show seriousness and sincerity. The rulers of Balochistan have never been sincere to the people. Inflation, corruption are the problems created by the rulers, Jamaat-e-Islami is running a public awareness campaign against these problems.

Action should be taken on the victims of rain. He said that the parties included in the federal and provincial governments have also exploited the oppressed people of Balochistan. There is no guardian and heir of the people of Balochistan. It has not been possible to eradicate corruption. Jamaat-e-Islami, like the rest of the country, is running a public awareness campaign against corruption, unrest and inflation in Balochistan. God willing, we will wake up the accountability institutions.