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ISLAMABAD: The Government of Pakistan Monday jacked up the petrol price by Rs6 per liter for the next fortnight.
“In the wake of fluctuations in petroleum prices in the international market and exchange rate variations, the government has decided to revise the existing prices or petroleum products to pass on the impact to the consumers,” the statement released by the Finance Division read.
While the government raised the price of petrol, it slashed the price of diesel by Rs0.51.
In line with the new changes, the price of petrol will be Rs233.91 per liter, diesel will be Rs244.44 per liter, and kerosene oil will be sold for Rs199.40 per liter, and the price of light diesel oil will be Rs191.75 per liter.
The new prices will come into effect from August 16, 2022.
It is worth mentioning that the oil price on the international market dropped by another $4 a barrel, or 5%, on Monday to $94.21.
Brent crude was trading at nearly $98 a barrel on Sunday, August 14, but the price registered a sharp decline on the first business day.
