Pakistan

Govt slashes petrol price by Rs8 per litre; keeps HSD unchanged

New petrol price will be Rs259.34 per litre

BR Web Desk Published January 15, 2024

The caretaker government on Monday announced a reduction of Rs8 per litre in the price of petrol while keeping high-speed diesel’s (HSD) rate unchanged.

The new price of petrol will be Rs259.34, while HSD stays at Rs276.21 per litre. The change goes into effect on January 16, 2024.

Business Recorder had earlier reported that the interim government might announce a modest decrease in ex-depot prices of all petroleum products.

In the previous review, the government had kept the prices of petrol and diesel unchanged despite a fall in the international oil rates.

petrol prices Petroleum prices petrol price petroleum products petroleum levy petroleum sales petroleum product POL prices

Comments

Az_Iz Jan 15, 2024 11:56pm

Prices determined based on crude prices. Right thing to do.

Recommended (0) Reply

Az_Iz Jan 15, 2024 11:58pm

Reducing diesel prices will not help anyone except the transport companies. They will not pass on the savings. They will pocket them, and will not contribute to country's revenue anyway.

Recommended (0) Reply

Muhammad Umarfarooq Jan 16, 2024 09:12pm

Very good

Recommended (0) Reply

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Currency	Rate
USD PKR Interbank Selling / May 10	278.14
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Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
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786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
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786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
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Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
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Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
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