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Petrol prices in Pakistan likely to reach all-time high

Oil advertising and marketing organizations mentioned petrol costs are anticipated to achieve 150 PKR per liter for the primary time in Pakistan’s historical past because of rising crude oil costs within the worldwide market.

In accordance with The News Worldwide, in accordance with experiences, the federal government plans to extend the value of petroleum merchandise by 6 PKR per liter from January 16. The officers intend to extend the gasoline costs by 5 PKR per liter and diesel charges by 6 PKR per liter. Nevertheless, the Finance Ministry will take a last resolution after the assembly with the Prime Minister.

The federal government introduced one other hike in the price of petroleum merchandise on December 30, 2021. In accordance with a notification, the value of petrol and high-speed diesel (HSD) has been elevated by 4 PKR per liter for the primary 15 days of January 2022. Issued by Finance Division. The hike was introduced to satisfy the Worldwide Financial Fund’s goal for the Petroleum Tax (IMF).

As per the announcement, the value of kerosene was hiked by PKR 3.95 per liter, whereas that of sunshine diesel oil (LDO) was hiked by PKR 4.15 per litre.


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