ISLAMABAD: The price of motor spirit (MS) is likely to decline by Rs1.90 per litre but the high-speed diesel (HSD) price may increase by Rs3.50 per litre, effective from June 16, according to an estimate.

The estimated price change in both petroleum products is based at the current rate of petroleum levy (PL) and general sales tax (GST). The government is charging Rs50 per litre PL on petrol and zero rate of GST.

Petrol price slashed by Rs12, HSD’s by Rs30

The Pakistan State Oil (PSO) exchange rate losses are estimated at Rs2.50 per litre on petrol and HSD at Rs0.25 per litre. The government is charging an Inland Freight Equalization Margin (IFEM) of Rs4.04 per litre on petrol and Rs3.79 per litre on HSD.

The price of kerosene oil (SKO) is likely to witness a raise of Rs2 per litre, while Light Diesel Oil (LDO) may increase at Rs2.48 per litre.

In the previous two fortnightly reviews, prices of petrol and HSD went down significantly.

Copyright Business Recorder, 2023


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Tulukan Mairandi Jun 15, 2023 11:08am
Basically a political show that Russian oil has caused reduced petrol prices. This is suicidal. Firstly it is more expensive, landed cost is $90, as Pakistan lacks facility to berth 100,000MT tankers and refinery technology is low. Secondly, it (falsely) validates what Imran Niazi said.
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Haris Jun 15, 2023 12:39pm
@Tulukan Mairandi, pain pain and just pain. also propaganda propaganda and just propaganda.
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Truthisbitter813 Jun 15, 2023 05:16pm
@Tulukan Mairandi, Good, so you have confidential information that wasn't ever made public. Go serve your BJP masters elsewhere troll.
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Tulu Mar Jun 17, 2023 12:45pm
پٹرول اور ڈیزل کی قیمتیں 30 جون تک برقرار روس سے جو تیل آیا ہے وہ سرسوں کا نکل آیا ہے
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