Despite historic jump, Petrol price in Pakistan remains among the lowest in region

The government on Friday increased price of petrol by Rs25.58 per litre effect from June 26 in an early monthly review. The latest hike despite one of the largest in recent memory pushed petrol price to Rs100.10 per litre.

However, despite the latest rise in rate, petrol price in the country remain the lowest as compared to other countries in the region.

As per details, petrol prices in South Asia as of Saturday stood at PKR180.86 per litre in India, PKR174.86 per litre in Bangladesh, PKR143.86 per litre in Sri Lanka and PKR143.31 in Maldives.

Furthermore, the price of petrol in Nepal stood at PKR131.62, and in Bhutan petrol was available at PKR108.40 per litre.

The government on Friday increased price of petrol by Rs25.58 per litre, the Oil and Gas Regulatory Authority (OGRA) sent the summary to Finance Division on the advise of the federal government.

In a statement, Finance Division says that the price of petrol has been increased from existing Rs 74.52 to Rs 100.10 per litre by Rs 25.58 or 35 percent increased. The price of diesel has gone up to Rs 101.46 from existing Rs 80.15 with an increase of Rs 21.31 per litre or 26 percent increased.

The price of kerosene oil has been hiked by Rs 23.50 per litre from current Rs 35.56 to Rs 59.06 per litre. It has 66 percent hike. The price of light diesel oil goes up by Rs 17.84 from Rs 38.14 to Rs 55.98 per litre or 44 percent increased. After increase, the government will continue charging Rs 30 per litre petroleum levy on petrol and diesel, 6 per litre on kerosene oil and Rs 3 per litre LDO, however it allowed to increase the ex-refinery prices.