Petrol price set at Rs305.36 and HSD at Rs311.84 per liter after the new increment
For the first time in the history of Pakistan, the price of petrol and diesel per liter has gone above 300 rupees
The petrol price goes up by over Rs14 per litre, effective from September 1!
A notification issued after midnight by the Ministry of Finance notified the masses that the caretaker government has pushed through a sharp hike in the price of petrol by Rs14.91 per litre and high-speed diesel (HSD) by Rs18.44 per litre.
The increase brings the price of petrol to Rs305.36 per litre and HSD to Rs311.84 per litre.
For the first time in the country’s history, the petrol price has crossed the Rs300 mark!
However, no revision was specified in the rates of kerosene or light diesel oil.
— Ministry of Finance (@FinMinistryPak) August 31, 2023
The increase in petroleum product prices had come after similar hikes by the previous government on August 1.
The price hike is based on existing tax rates and import parity prices, mainly because of currency depreciation and a slight increase in international oil prices.
