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Tag: pso petrol price in pakistan today

expected petrol and diesel price in pakistan

Diesel price reduced, petrol price unchanged for next 15 days

The federal government has announced no change in the price of petrol. Diesel prices reduced in Pakistan for the next fortnight.

According to the notification issued here, the price of high-speed diesel has been reduced by Rs 2 per liter as the new price has been fixed at Rs 254.64 per liter. However, the price of petrol has been maintained at Rs 252.63 per liter. The new prices will be in effect from May 16 to 31.

On April 15, Prime Minister Shahbaz Sharif said that prices would not be reduced, adding that the benefits of the reduction in global oil prices would be delivered through improvement projects.

He said that the benefits of the reduction in the price of petrol in the global market will be passed on to the people through development projects.

Earlier, on April 30, the government had reduced the prices of petrol and diesel by Rs 2 per liter, bringing the price of petrol to Rs 252.63 per liter and diesel to Rs 256.64 per liter after a reduction of Rs 2.

 

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.

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