Monday, December 4, 2023

Pakistani Government again increased petroleum prices despite its dropped globally

The federal finance division released a statement early on Thursday. It has stated that the government has again increased the prices of petroleum products in the country. As a result, the new price of petrol will be Rs235.98 a litre.

Petroleum prices increased again and again in Pakistan despite its dropped globally. It seems that the federal government is still not ready to give any relief to people. The nation is already facing a high rate of inflation which destroyed its purchasing power. However, the IMF has confirmed instalment of loan for Pakistan after reviewing all conditions. The State Bank of Pakistan has also received amount of $1.17 billion.

According to the statement, the price of petrol has increased by Rs2.07 per litre. Whereas, the cost of high-speed diesel has also hiked by Rs 2.99, making the new price per litre Rs 247.43. After a rise of Rs 9.79 per litre, the cost of light diesel oil will be 201.54 a litre. Moreover, the new price of kerosene oil has set at Rs210.32 per litre with an increase of Rs10.92 per litre.

The finance division’s notice also said that the increased rates will take effect on Thursday dated September 1,2022.

Read Also: After Punjab by-elections, PTI sees ‘transformation in Pakistan’

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