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Pakistan

Caretaker govt hikes petrol price by another Rs14.91, takes it to Rs305.36 per litre

  • HSD price sees increase of Rs18.44, now stands at Rs311.84 per litre
Published September 1, 2023

The caretaker government on Thursday announced another hike in petrol and diesel prices, taking them to Rs305.36 and Rs311.84 per litre, respectively.

The petrol price has been increased by Rs14.91 per litre, and high-speed diesel (HSD) by Rs18.44 per litre.

“Owing to the increasing trend of petroleum prices in the international market and exchange rate variations, the government has decided to revise the consumer prices of petroleum products,” the Finance Division said in a press release.

The new prices take effect from September 1, 2023.

The development comes at a time when the country’s citizens, reeling under high inflation, are also facing high electricity bills.

This is the third successive increase in prices of petroleum products.

Earlier, Business Recorder reported that there might be a significant rise of up to Rs20 per litre in the cost of petrol and high-speed diesel (HSD) due to the rupee losing its value against the US dollar and a slight change in oil prices internationally.

Earlier in August, a day after taking charge, Caretaker Prime Minister Anwaar-ul-Haq Kakar had approved an Rs17.50 hike in petrol price and Rs20 in the price of high-speed diesel (HSD).

Before this, the then-coalition government increased petrol and HSD prices by nearly Rs20 with effect from August 1, 2023.

The latest increase means the price of petrol has increased nearly 21% or Rs52.36 since the start of August.

Comments

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KU Sep 01, 2023 12:22am
Welcome to the planet of the apes.
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Sohail Mumtaz Khan Sep 01, 2023 12:57am
This is a bear trap. America with the connivance of IMF totally throw Pakistan to its knees. No way to survive until to compromise its nuclear arsenal. This they demand eventually to get rid Pakistan of debt and then it be easy for them to change the geography.
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Lubna Sep 01, 2023 12:58am
Pakistan is doomed and it is very hard to accept it. PDM ruined it
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AmirSh. Sep 01, 2023 01:24am
Caretaker Government taking care of people of Pakistan. This is going to have a huge impact on already sky high inflation. Very worrisome times in Pakistan.
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AmirSh. Sep 01, 2023 01:30am
@Lubna, All credit goes to PDM. They made sure that all this happens after they leave.
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Power Sep 01, 2023 01:58am
This is ji free market that mahajirs loved
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Ash Chak Sep 01, 2023 02:11am
@Sohail Mumtaz Khan , America doesn’t care about Pakistan’s nuclear arsenal. They have enough bombs to blow up the planet many times over. This is what happens when successive governments buy growth by importing things. The money is long gone and now the piper has to be paid.
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Ash Chak Sep 01, 2023 02:14am
@Lubna, not just PDM. Every leader who has led Pakistan after Jinnah is to blame. Next time, choose your leaders wisely. Throw out the people like Zardari, Sharifs, Imran Khan…..They have had their chance and failed.
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Muhammad Hussain Sep 01, 2023 02:27am
Why no one trying to decrease dollar rate. Until not decreases nothing can be done moreover SBP is Independent.
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TidBit Sep 01, 2023 03:18am
@Sohail Mumtaz Khan , This is your problem Sohail...this is the problem with all Pakistan people blaming American IMF INDIA and the Jews for your problems. It was your military that vacated IK that caused the political uncertainty that caused this turmoil. Also your BFF China has loaned you so much money for CPEC that you are paying interest through the roof even though CPEC did not result in tangible economic benefits. Almost 50% of your budget is going to debt servicing and military. America did not do this. you did this to yourself.
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