AIRLINK 75.30 Increased By ▲ 1.60 (2.17%)
BOP 4.94 Increased By ▲ 0.04 (0.82%)
CNERGY 4.39 Decreased By ▼ -0.13 (-2.88%)
DFML 41.18 Decreased By ▼ -3.70 (-8.24%)
DGKC 83.31 Decreased By ▼ -2.19 (-2.56%)
FCCL 21.65 Increased By ▲ 0.25 (1.17%)
FFBL 32.00 Decreased By ▼ -0.51 (-1.57%)
FFL 9.42 Decreased By ▼ -0.17 (-1.77%)
GGL 10.08 Decreased By ▼ -0.19 (-1.85%)
HASCOL 6.82 Decreased By ▼ -0.31 (-4.35%)
HBL 114.00 Decreased By ▼ -0.70 (-0.61%)
HUBC 139.10 No Change ▼ 0.00 (0%)
HUMNL 12.00 Decreased By ▼ -0.42 (-3.38%)
KEL 4.91 Decreased By ▼ -0.12 (-2.39%)
KOSM 4.36 Decreased By ▼ -0.09 (-2.02%)
MLCF 37.51 Decreased By ▼ -0.09 (-0.24%)
OGDC 132.85 Decreased By ▼ -3.95 (-2.89%)
PAEL 24.85 Decreased By ▼ -0.54 (-2.13%)
PIBTL 6.60 Decreased By ▼ -0.09 (-1.35%)
PPL 117.80 Decreased By ▼ -3.20 (-2.64%)
PRL 26.06 Decreased By ▼ -0.53 (-1.99%)
PTC 13.72 Decreased By ▼ -0.38 (-2.7%)
SEARL 57.25 Decreased By ▼ -0.05 (-0.09%)
SNGP 66.50 Decreased By ▼ -1.50 (-2.21%)
SSGC 10.24 Decreased By ▼ -0.18 (-1.73%)
TELE 8.21 Decreased By ▼ -0.24 (-2.84%)
TPLP 10.70 Decreased By ▼ -0.28 (-2.55%)
TRG 62.40 Decreased By ▼ -0.94 (-1.48%)
UNITY 27.04 Decreased By ▼ -0.01 (-0.04%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 7,854 Decreased By -86.2 (-1.08%)
BR30 25,270 Decreased By -377.9 (-1.47%)
KSE100 74,836 Decreased By -681.2 (-0.9%)
KSE30 24,004 Decreased By -273.3 (-1.13%)
Pakistan

Ishaq Dar announces reduction of Rs10 in petrol price, diesel's rate cut by Rs7.5

  • Finance minister says PM Shehbaz wants 'maximum relief to be passed onto the public'
Published December 15, 2022 Updated December 16, 2022

Finance Minister Ishaq Dar on Thursday announced that the price of petrol was being reduced by Rs10 and diesel was being brought down by Rs7.5 per litre, Aaj News reported. The reduction means the price of petrol is now Rs214.8 per litre, while that of diesel is Rs227.80 per litre with effect from December 16.

“The prime minister wants that we should pass maximum relief to the public and we have been implementing that since October 30," he said in a televised address.

“According to our calculations, petrol prices — that are Rs224.80 — will be reduced by Rs10 to Rs214.8 after midnight. High-speed diesel will be decreased by Rs7.5 to Rs227.80,” the finance minister said.

Dar said that kerosene oil will now cost Rs171.83 after a decrease of Rs10 and the price of light diesel oil will be reduced by Rs10 to Rs169 per litre as well.

On November 30, Dar had announced that there would be no change in the prices of petrol and diesel for the next fortnight.

The government also decided to maintain petrol prices in its review on November 15 and October 31.

Earlier, Business Recorder reported that the price of petrol is likely to go down significantly in the range of Rs10 per litre for the second half of December 2022, according to estimates of energy experts.

Comments

Comments are closed.

Najeeb Sadiq Dec 15, 2022 10:51pm
Transparency is required for the basis of determination of the prices as the oil prices have significantly slashed in the international markets.
thumb_up Recommended (0)
Rebirth Dec 16, 2022 05:48am
Artificially boosting the PKD as per Rule #1 of Daronomics, which reduces our exports and according to Rule #2, increasing national debt to give subsidies to the people that doesn’t build our industries or economy. There should be a course on Daronomics in our top business schools, LUMS and IBA. It’ll help young people learn how “not” to run our economy.
thumb_up Recommended (0)