ISLAMABAD: The new year has begun with an increase of Rs 4 in the price of petrol in Pakistan as the federal government announced another increase in the prices of petroleum products.
According to the notification issued by the Finance Division on Friday, for the first 15 days of January 2022, petrol and high-speed diesel prices will be increased by Rs 4 per liter.
The new prices will take effect on January 1. The increase has been announced to meet the petroleum levy target set by the International Monetary Fund. According to the notification, the price of kerosene has been increased by Rs 3.95 per liter and light diesel by Rs 4.15 per liter.
After the increase, the price of petrol will increase from Rs 140.82 per liter to Rs 144.82 per liter while the price of high-speed diesel will increase from Rs 137.62 to Rs 141.62 per liter.
Read more: Federal govt slashes prices of petroleum products
The price of light diesel oil will increase from Rs 107.06 to Rs 111.06 per liter. Similarly, the price of kerosene will increase from Rs 109.53 to Rs 113.53 per liter.
In a fortnightly review of petroleum product prices, the Prime Minister rejected the Oil and Gas Regulatory Authority’s proposal to increase the prices of petroleum products and suggested an increase of only Rs 4 per liter to meet the target of petroleum levy.
The Finance Division also said that the sales tax on petrol and diesel has been adjusted downwards as compared to December 16, 2021 to keep prices low.
