After the relief of decreasing petrol prices, the federal government has once again decreased the petrol prices further. As per the new notice, price of petrol and diesel has been reduced by Rs. 3 per liter. On the other hand, price of diesel has been increased by Rs. 8.95.
The new prices will be implemented from August 1st, 2022.
New Petrol Prices
After the latest reduction in petrol prices, petrol now costs Rs. 227.19 as compared to the old price of Rs. 230.24.
Meanwhile, the new Diesel rate is Rs. 244.95 instead of Rs. 236.
And the new rate of Kerosene Oil is Rs. 230.26 against Rs. 211.43.
Light Diesel Oil now costs Rs. 201.07 compared to the previous rate of Rs. 196.45.
Petrol Prices July 2022
This is the 4th time the government has changed the price of petroleum products since April. There is still uncertainty about the future prices of petrol.
I am guessing the government is losing its head just like the public, why the reduction now after it earlier vehemently placed the blame on I.M.F. and rising import cost? By this decision it is going to only fuel suspicion in public and create problems for future because public would then never trust the government’s word.
Besides, have ever a reduction of price reversed the impacts that an enhancement in it were suffered by public? Prices of goods and services taken up are never declined in line with fall the petrol prices are subjected to, so what is the use of maintaining such a short lived policy? Because this change would increase petrol’s demand again and thereby cause a dent in import bill, and it is also important to teach people to live sustainably, therefore in my view, prices should be taken up to PKR 300 at-least.