The Government of Pakistan has decided to revise the existing petroleum prices to share the impact of rising international prices with consumers.
According to a notification issued by the Finance Division, the prices of petrol have been increased by Rs. 25.58 per liter and the new prices will be 100.10 rupees which were on Rs74.52 per liter before the notification, High Speed Diesel increased by 21.31 rupees and the new prices will be Rs101.46.
The prices of Kerosene Oil have been increased by 23.50 rupees per liter and the new prices will be Rs. 59.06 whereas Light Diesel Oil prices have been increased by Rs. 17.84 per liter and the new prices will be 55.98 rupees.
The new prices have been implemented from today.
Minister for Petroleum, Omar Ayub Khan has said that the increase in the prices of petroleum products has been made because of the sharp increase of oil prices at the international market during the last month.
Prices of oil have risen sharply in the last month causing the weakness of rupee by Rs2 to Rs3, Omar Ayub tweeted.
He said the calculation increase for petrol was 31.58 rupees per liter, but the government increased it by only 25.58 rupees per liter.
Similarly, for Diesel, calculation increase was 24.31 rupees per liter, but it was increased by Rs21.31 per liter.
Omar Ayub said the petrol prices in Pakistan are still the lowest in the Sub-continent by a wide margin.