Government increases prices of petrol and diesel

The caretaker government has increased the prices of petroleum products considerably. The decision was taken on the evening of Saturday 30th on June. Here are the new prices.

New Prices – PKR Old Prices – PKR Difference – PKR
Petrol (92 RON) Rs99.50 per litre Rs91.96 per litre Rs7.54
Diesel High Speed Rs119.31 per litre Rs105.31 per litre Rs14.0
Kerosene oil Rs87.70 per litre Rs84.34 per litre Rs3.36
Light diesel Rs80.91 per litre Rs74.99 per litre Rs5.92

OGRA had proposed the increase in the prices of petrol by Rs7.55 per litre, diesel by Rs14 per litre, kerosene oil by Rs3.36 per litre and light diesel oil by Rs5.92 per litre.

The official statement announcing the price increase said,

“The increase in the petroleum prices is caused due to increase in petroleum prices in international market and depreciation of rupee against US dollar,”

It would not be wrong to say that the decision will be heavily criticised by all sorts of concerned parties. Let us know your thoughts in the comments section below.

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