The Federal Government has decided to keep the Petrol Prices in Pakistan unchanged from 1 June 2022 on the directives of Prime Minister Shehbaz Sharif. The announcement regarding the petroleum prices was made by the Ministry of Finance on Tuesday.
According to the announcement, Petrol Price in Pakistan will remain unchanged at Rs. 179.86 per litre, while the Price of High-Speed Diesel (HSD) in Pakistan will also remain at the current rate of Rs. 174.15 per litre. Meanwhile, the Price of Kerosene Oil will remain at Rs. 155.56 per litre, while the Price of Light Diesel Oil (LDO) will remain at Rs. 148.31 per litre.
“With a view to provide maximum relief to the consumers, the Prime Minister of Pakistan has directed that current prices of petroleum products as notified on 27th May, 2022 shall remain unchanged, despite revenue losses due to the rising petroleum prices globally.” said the notification issued by the Finance Division.
Petrol Prices in Pakistan From 1 June 2022
|PRODUCT||CURRENT PRICE (PKR)||NEW PRICE (PKR)||Change (PKR)|
|High Speed Diesel (HSD)||174.15||174.15||0.00|
|Light Diesel Oil (LDO)||148.31||148.31||0.00|
This is a copy of the notification:
It is pertinent to mention that last week, the Federal Government increased the Petrol Prices in Pakistan by a massive Rs. 30 per litre after the International Monetary Fund (IMF) emphasized the need to abolish subsidies on these commodities in order to restart the $6 billion loan programme.
The Finance Minister, Miftah Ismail, said that some burden had to be shifted onto the masses, but despite the increase in the Petrol Prices, the Federal Government was still bearing huge losses. However, he had already mentioned that the Petrol Prices in Pakistan will remain unchanged from 1 June 2022.
However, the Federal Government has announced a Relief Package in light of the increase Petrol Prices, which will provide Rs. 2,000 stipend to the poor through Benazir Income Support Program (BISP). Prime Minister Shehbaz Sharif added the programme would provide relief to 14 million families across Pakistan.