Pakistan Will increase Petrol Worth by Rs 5, Diesel Sees Hike of Rs 13. Examine Particulars

Final Up to date: March 16, 2023, 09:57 IST

Folks wait for his or her flip to get gas at a petroleum station in Peshawar, Pakistan January 30, 2023. REUTERS/Fayaz Aziz

The surge in gas costs comes at a time when folks in Pakistan are grappling with rising costs of important commodities

The Pakistan authorities on Wednesday elevated the costs of petrol and diesel by Rs 5 and Rs 13 per litre, respectively. The brand new worth will probably be enforced from Thursday.

“Within the final fortnight, Platts Singapore costs registered a rise. This together with a depreciation of Pak rupee has resulted in a rise of POL (petroleum, oil and lubricant) merchandise in Pakistan,” a press launch issued by the Finance Division stated.

With the newest enhance, petrol will now price Rs 272 per litre whereas high-speed diesel (HSD) will price Rs 293 per litre within the cash-strapped nation.

The price of kerosene has additionally jumped to Rs 190.29 per litre whereas the worth of sunshine diesel oil (LDO) stays Rs 184.68 per litre.

The surge in gas costs comes at a time when folks in Pakistan are grappling with rising costs of important commodities.

The assertion added that the rise within the worth of kerosene had been stored at Rs 2.56 “by decreasing authorities dues on it”. “The worth of sunshine diesel oil (LDO) has been stored fixed by adjusting authorities dues as properly,” it added.

Pakistan is reportedly dealing with bother in arranging crude oil and petroleum merchandise resulting from international change constraints and prevailing product pricing.

Earlier in February, Finance Minister Ishaq Dar introduced a discount within the worth of petrol by Rs 5 per litre whereas holding the worth of HSD unchanged at Rs 280 per litre.

(With Inputs from Shailendra Wangu)

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