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Petrol price reaches historic high after increase of Rs24.03 per litre in Pakistan

Starting from June 16, the price of petrol will be Rs233.89 per litre

New Petrol pricePetrol price reaches historic high in Pakistan | OyeYeah News
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Petrol price reaches a historic high of Rs233.89 in Pakistan!

On Wednesday evening, Federal Finance Minister Miftah Ismail announced that the government was not in a position to bear subsidies on petroleum products anymore. 

Keeping in view the situation, it has decided to increase the prices of petrol by Rs24.03 per litre. 

The price list of Petroleum Products after the latest increment is as follows.

CommodityOld priceNew priceChange
Petrol Rs209.86Rs233.89+24.03
Diesel Rs204.15Rs263.31+59.16
Kerosene oil178.31Rs211.43+33.12
Light diesel oilRs181.94Rs207.47

+25.53

Federal Minister Miftah Ismail in presser has appealed to the masses to bear the burden for a few months.

Miftah, flanked by State Minister for Petroleum Musaddaq Malik, at the press conference criticized the previous government’s policies.

He said that the PTI government’s policies have “deteriorated the country’s economy”.

“Imran Khan had deliberately reduced the prices of petrol by giving subsidies,” Miftah said.

“Currently, Pakistan, on every litre, was bearing a loss of Rs24.03 on petrol, Rs59.16 diesel, Rs39.49 kerosene oil, and Rs39.16 on light diesel oil,” he added.

The finance minister added that in the month of May, this loss had gone past Rs120 billion which is three times greater than running the expenses of the civil government, which amounted to Rs40 million.

the authorSaman Siddiqui
Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.