Connect with us

Hi, what are you looking for?

Online Business Success

Petrol price in Pakistan may hit all-time high of Rs150 per litre from January 16: sources

393108 124442 updates

People gather to get petrol at a petrol station, after Pakistan Petroleum Dealers Association (PPDA) announced a countrywide strike, in Karachi, Pakistan November 24, 2021. — Reuters/File
People gather to get petrol at a petrol station, after Pakistan Petroleum Dealers Association (PPDA) announced a countrywide strike, in Karachi, Pakistan November 24, 2021. — Reuters/File
  • Price of petroleum products in Pakistan to be increased by Rs6 per litre, say sources.
  • The rate of petrol will rise further by Rs5 per litre, say sources.
  • Finance ministry to take final decision after consultation with PM.

KARACHI: The price of petrol is expected to reach an all-time high of Rs150 per lite, sources in oil marketing companies said Thursday, amid a hike in the rates of crude oil in the international market.

The government is expected to move up the price of petroleum products by Rs6 per litre, sources said, adding that the rate of petrol would rise by Rs5 per litre and diesel by Rs6 per litre.

Read more: Pakistan rings in the new year with Rs4 hike in petrol price

The Ministry of Finance will make a final decision in this regard after consultations with Prime Minister Imran Khan and the new prices will be effective from January 16.

Previous increase

The federal government, on the eve of the New Year, had announced yet another hike in the prices of petroleum products.

The price of petrol and high-speed diesel(HSD) had been increased by Rs4 per litre for the first 15 days of January 2022. The price of kerosene had been increased by Rs3.95, and light diesel oil (LDO) by Rs4.15 per litre.

Price of petroleum products

Product Existing prices (per liter)
New prices
(per liter)
MS (Petrol) Rs140.82 Rs144.82 +4.00
High-Speed Diesel (HSD) Rs137.62 Rs141.62 +4.00
Kerosene (SKO) Rs109.53 Rs113.53 +3.95
Light diesel oil (LDO) Rs107.06 Rs111.06 +4.15

After the increase, the price of petrol went up from the previous Rs140.82 per litre to Rs144.82 per litre, while the price of high speed diesel jumped to Rs141.62 per litre from the previous Rs137.62 per litre.

The rate of light diesel oil went up to Rs111.06 per litre from Rs107.06 per litre. Similarly, the price of kerosene went up from Rs109.53 to Rs113.53 per litre.

Advertisement. Scroll to continue reading.

The increase had been announced to meet the petroleum levy target agreed with the International Monetary Fund (IMF).

Source link

Click to comment

Leave a Reply


Top Stories

Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and...

Top Stories

Ethereum’s native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in...

Top Stories

The company enables artists and collectors to create, purchase and resell NFTs via blockchain-enabled transactions. Source link


Interested in learning what’s next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit...

Top Stories

Bitcoin (BTC) made the most of weekend volatility on June 26 as a squeeze saw BTC/USD reach its highest in over a week. BTC/USD...


In a nutshell: Apple’s long-awaited mixed reality headset could be announced as soon as January, claims veteran supply chain analyst Ming-Chi Kuo. He says...


You May Also Like


Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...