AVN 66.93 Decreased By ▼ -0.17 (-0.25%)
BAFL 29.54 Decreased By ▼ -0.21 (-0.71%)
BOP 4.06 Decreased By ▼ -0.01 (-0.25%)
CNERGY 3.62 Decreased By ▼ -0.11 (-2.95%)
DFML 11.94 Decreased By ▼ -0.31 (-2.53%)
DGKC 43.26 Decreased By ▼ -2.10 (-4.63%)
EPCL 45.97 Decreased By ▼ -1.03 (-2.19%)
FCCL 11.81 Decreased By ▼ -0.19 (-1.58%)
FFL 5.91 Decreased By ▼ -0.04 (-0.67%)
FLYNG 6.04 Decreased By ▼ -0.14 (-2.27%)
GGL 11.41 Decreased By ▼ -0.48 (-4.04%)
HUBC 68.11 Decreased By ▼ -0.39 (-0.57%)
HUMNL 5.64 Decreased By ▼ -0.08 (-1.4%)
KAPCO 24.91 Decreased By ▼ -0.34 (-1.35%)
KEL 2.13 Decreased By ▼ -0.01 (-0.47%)
LOTCHEM 24.95 Decreased By ▼ -0.41 (-1.62%)
MLCF 24.91 Decreased By ▼ -0.79 (-3.07%)
NETSOL 75.92 Decreased By ▼ -1.88 (-2.42%)
OGDC 85.99 Decreased By ▼ -2.13 (-2.42%)
PAEL 11.11 Decreased By ▼ -0.54 (-4.64%)
PIBTL 3.99 Decreased By ▼ -0.13 (-3.16%)
PPL 66.27 Decreased By ▼ -2.44 (-3.55%)
PRL 12.92 Decreased By ▼ -0.33 (-2.49%)
SILK 0.87 Decreased By ▼ -0.01 (-1.14%)
SNGP 40.72 Decreased By ▼ -0.98 (-2.35%)
TELE 7.57 Decreased By ▼ -0.40 (-5.02%)
TPLP 15.05 Decreased By ▼ -0.37 (-2.4%)
TRG 110.33 Decreased By ▼ -2.23 (-1.98%)
UNITY 13.52 Decreased By ▼ -0.58 (-4.11%)
WTL 1.21 Decreased By ▼ -0.02 (-1.63%)
BR100 4,081 Decreased By -61.9 (-1.49%)
BR30 14,631 Decreased By -307.2 (-2.06%)
KSE100 40,376 Decreased By -501.9 (-1.23%)
KSE30 14,916 Decreased By -172.3 (-1.14%)

Massive hike in POL products’ prices

  • The new price of petrol is Rs123.30 per litre, while cost of supply of Pakistan State Oil (PSO) has increased to Rs95.41 litre
Published September 16, 2021
Follow us

Islamabad: The federal government Wednesday announced a massive increase – up to Rs5.92 per litre - in the ex-depot prices of all petroleum products with effect from September 16.

On Wednesday, the Finance Division stated, “owing to the fluctuation in petroleum price in the international market and exchange rate variation, the price of petroleum products raised.”

In a fortnightly review of petroleum products for the second half of September, the price of petrol has been increased by Rs5.00 per litre.

The new price of petrol is Rs123.30 per litre, which was Rs118.30 per litre or a 4.2 percent increase.

Cost of supply of Pakistan State Oil (PSO) has increased to Rs95.41 litre from Rs94.38 per litre.

The PL rate has also been revised upward to Rs5.62 per litre from Rs2.11 per litre. Increase in price also effects the GST rate, which has been increased to Rs11.76 per litre from Rs11.28 per litre in the first half of September.

POL products: Ogra works out massive price increase

The ex-depot price of High Speed Diesel (HSD) has also been increased by Rs5.01 per litre. The new price is Rs120.04 per litre from Rs115.03 per litre or 4.3 percent. The price of kerosene oil (SKO) is also increased by Rs5.46 per litre from Rs86.80 per litre to Rs92.26 per litre or 6.2 percent.

The government has maintained the rate of PL maintained at Rs2.06 per litre; however, increased the prescribed price from Rs77.92 per litre to Rs83.05 per litre. The price increase has also increased GST from Rs5.45 per litre to Rs5.79 per litre.

The price of light diesel oil (LDO) is also raised to Rs90.69 per litre from Rs84.77 per litre.

Rs5.92 per litre or 6.9 percent increased in LDO rate.

On Tuesday, the Oil and Gas Regulatory Authority (Ogra) had worked out an increased in the prices of petroleum products.

According to the working paper, the regulator had calculated Re1 per litre increase in the ex-depot price of petrol and Rs10.5 per litre hike in the price of HSD.

The ex-depot price of LDO and SKO had been calculated to go up by Rs5.50 per litre each. These increases had been worked out because of slightly higher international oil prices and chiefly because of deteriorated exchange rate over the past 15 days.

Copyright Business Recorder, 2021


Comments are closed.

Massive hike in POL products’ prices

‘Shady’ contract to Chinese firm: Senate panel accuses World Bank office of ‘conniving’ with NTDC

RLNG power plants owned by NPPMCL: BoI engaging ADQ and IHC to ascertain their interest

CJP says audio-video leaks bereft of authenticity

ECP postpones Punjab elections to Oct 8

Two IGs, ‘handlers’ plan to ‘kill me like Murtaza Bhutto’: IK

Financing fuel subsidy: Rich to pay Rs100 more per litre: govt

Money laundering, terrorism financing: Customs dept directed to refer cases to CTD

SC says 50pc of deemed IT to be paid till adjudication of pending appeal

Reconstitution of NEC approved

Parliament’s attention drawn to ‘existence’ of ‘armed groups’