AIRLINK 74.64 Decreased By ▼ -0.21 (-0.28%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 42.44 Increased By ▲ 2.44 (6.1%)
DGKC 87.02 Increased By ▲ 0.67 (0.78%)
FCCL 21.58 Increased By ▲ 0.22 (1.03%)
FFBL 33.54 Decreased By ▼ -0.31 (-0.92%)
FFL 9.66 Decreased By ▼ -0.06 (-0.62%)
GGL 10.43 Decreased By ▼ -0.02 (-0.19%)
HBL 114.29 Increased By ▲ 1.55 (1.37%)
HUBC 139.94 Increased By ▲ 2.50 (1.82%)
HUMNL 12.25 Increased By ▲ 0.83 (7.27%)
KEL 5.21 Decreased By ▼ -0.07 (-1.33%)
KOSM 4.50 Decreased By ▼ -0.13 (-2.81%)
MLCF 38.09 Increased By ▲ 0.29 (0.77%)
OGDC 139.16 Decreased By ▼ -0.34 (-0.24%)
PAEL 25.87 Increased By ▲ 0.26 (1.02%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.80 No Change ▼ 0.00 (0%)
PPL 123.58 Increased By ▲ 1.38 (1.13%)
PRL 26.81 Increased By ▲ 0.23 (0.87%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 58.53 Decreased By ▼ -0.45 (-0.76%)
SNGP 68.01 Decreased By ▼ -0.94 (-1.36%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.05 Decreased By ▼ -0.01 (-0.09%)
TRG 63.21 Decreased By ▼ -0.98 (-1.53%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.42 Decreased By ▼ -0.03 (-2.07%)
BR100 7,941 Increased By 103.5 (1.32%)
BR30 25,648 Increased By 196 (0.77%)
KSE100 75,983 Increased By 868.6 (1.16%)
KSE30 24,445 Increased By 330.8 (1.37%)

The government on Monday increased the price of petrol by Rs6.72 per litre, but reduced that of high-speed diesel (HSD) by Rs0.51 per litre. After the revision, the new ex-depot price of petrol is Rs233.91 while the rate of high-speed diesel (HSD) is Rs244.44 per litre.

The old ex-depot price of petrol was Rs227.19 per litre while HSD was at Rs244.95 per litre.

Govt reduces petrol price by Rs3.05, jacks up the rate of high-speed diesel by Rs8.95

Kerosene oil saw a reduction of Rs1.67 with the new price now at Rs199.40. The price of light diesel saw a Rs0.43 increase, taking it from Rs191.32 to Rs191.75.

The new rates go into effect from August 16.

Earlier, oil refineries estimated an increase of up to Rs16.48 in the prices of petroleum products.

In a press conference on Saturday, Minister of State for Energy (Petroleum Division) Musaddiq Malik said that the Oil and Gas Regulatory Authority (Ogra) determines the price of petroleum products on the basis of the last 15 days' average and the exchange rate for a letter of credits (LCs) is applicable 16 days back.

“The impact of reduction of oil prices is usually transferred after 15 days, not immediately,” he explained.

Oil refineries’ estimates: POL products’ prices may soar by up to Rs16.48 per litre

Comments

Comments are closed.

ASIF KHAN Aug 16, 2022 02:24am
While prices of crude oil in international market are falling, government is rising the price of petrol in Pakistan. Can anybody let the people of this fortunate country know the reason? The game seems the same which the PTI began and the N-league is continuing.
thumb_up Recommended (0)