Finance Minister, Ishaq Dar, on Wednesday, announced that Petrol Prices in Pakistan will be revised for the first half of the month (1 December 2022 to 15 December 2022). According to the Federal Minister, the Price of Petrol and High-Speed Diesel (HSD) in Pakistan will remain unchanged, while Price of Kerosene Oil and Light Diesel Oil (LDO) will be reduced starting 1 December 2022.
According to the announcement, the Petrol Price in Pakistan will remain unchanged at Rs. 224.80 per litre for the first half of December 2022 and the High-Speed Diesel (HSD) Price in Pakistan will also remain unchanged at Rs. 235.30 per litre.
However, the Price of Kerosene and Light Diesel Oil (LDO) will be reduced by Rs. 10 per litre and the Price of Light Diesel Oil (LDO) will be slashed by Rs. 7.50 per litre from next month. This will bring the new Price of Kerosene Oil to Rs. 181.83 per litre, while LDO will be sold at Rs. 179.00 per litre.
Petrol Prices in Pakistan From 1 December 2022
|PRODUCT||OLD PRICE (PKR)||NEW PRICE (PKR)||CHANGE (PKR)|
|High Speed Diesel (HSD)||235.30||235.30||-0.00|
|Light Diesel Oil (LDO)||186.50||179.00||-7.5|
The Latest Diesel and Petrol Prices in Pakistan will remain unchanged from 1 December 2022 for the first half of the month and next fortnight till 15 December 2022, except Kerosene Oil and LDO. Furthermore, the Finance Minister said that decision to keep the Price of Petrol and Diesel unchanged was taken under the guidance of Prime Minister Shehbaz Sharif in order to provide maximum relief to the low-income segment of society even though rate of crude oil internationally has reduced significantly.
اسلام آباد: وفاقی وزیر خزانہ اسحاق ڈار اہم گفتگو کر رہے ہیں https://t.co/BExdwJkPaD— PML(N) (@pmln_org) November 30, 2022
Here is a copy of the notification:
Earlier, it was reported that Petrol Prices in Pakistan will be reduced in response to the massive decline in the rate of crude oil in the international market at just above $75 per barrel, which is the lowest they have been since the Russia-Ukraine conflict.
It is pertinent to mention that Shehbaz Sharif-led Government has kept the Petrol Prices in Pakistan unchanged since the last two fortnight reviews despite fall in international crude rates.