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Govt keeps petrol, diesel prices unchanged for next fortnight

MM News Staff by MM News Staff
November 1, 2023

 

The federal government has announced keeping the fuel prices unchanged for the next fortnight.

According to a notification issued by the Finance Division, the fuel prices will remain unchanged for the next 15 days.

Petrol will continue to be sold at Rs283.38 per litre while the rate of HSD will also remain unchanged at Rs303.18.

The government, however, also cut the prices of light diesel by Rs3.40 per litre and kerosene oil by Rs3.82 per litre for the next fortnight. After the reduction in the prices of petroleum products, the rate of kerosene oil has dropped to Rs211.03 per litre and light diesel oil Rs189.46 per litre.

The interim government is charging zero general sales tax (GST) on all petroleum products while the rate of petroleum levy (PL) on petrol is Rs60 per litre.

The development comes after the federal cabinet had Monday sharply increased the natural gas tariff by up to 172% for domestic consumers, tandoors, and general industries, including export-oriented sectors, captive power plants, CNG and IPPs, and commercial sectors.

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