The Government has increased the Petrol Prices in Pakistan from 16 January 2022 to 31 January 2022 on the directives of Prime Minister Imran Khan at a time when people are already burdened amid the already increasing inflation in the country.
According to the announcement, Petrol Price in Pakistan has been increased by Rs. 3.01 per litre bringing the new rate at Rs. 147.83 per litre, while the Price of High-Speed Diesel (HSD) in Pakistan has also been raised by Rs. 3.00 per litre, bringing the new rate at Rs. 144.62 per litre.
Meanwhile, the Price of Kerosene Oil has been increased by Rs. 3.00 per litre, bringing the new rate at Rs. 116.48 per litre, while the Price of Light Diesel Oil (LDO) has been hiked by Rs. 3.33, bringing the new rate at Rs. 114.54 per litre.
Petrol Prices in Pakistan From 16 January 2022
|PRODUCT||OLD PRICE (PKR)||NEW PRICE (PKR)||Change (PKR)|
|High Speed Diesel (HSD)||141.62||144.62||+3.00|
|Light Diesel Oil (LDO)||111.21||114.54||+3.33|
The new Petrol Prices in Pakistan will take effect from 16 January 2022 and remain in place until 31 January 2022.
The Oil and Gas Regulatory Authority (OGRA) had originally recommended an increase in the Petrol Price by Rs. 5.52 per litre, while also suggesting an hike in Diesel Price by Rs. 6.19 per litre, however, “the Prime Minister directed to absorb the international prices through further cut in sales.” said the notification. “The Finance Ministry will take Rupees 2.6 billion revenue hit due to reduced Sales Tax.”
Therefore, the Government has made the partial increase in the Petrol Prices in Pakistan in order to provide relief to the end consumer, said the notification.
This is a copy of the notification:
Read more: Dollar rate in Pakistan – Daily Updates.