NEW PETROL PRICE

New Petrol Prices in Pakistan

The government has announced a massive reduction in oil prices in Pakistan from March 1, 2022, on the instructions of Prime Minister Imran Khan, to reassure the public amid rising inflation in the country. The statement came from Prime Minister Imran Khan during a public speech on Monday.

According to the statement, oil prices in Pakistan fell by Rs. 10.00 per liter, the price of High Speed Diesel (HSD) in Pakistan has also been reduced by Rs. 10. Meanwhile, the price of kerosene was reduced to Rs 10 per 1 liter. 1.00 per liter, Light Diesel Oil (LDO) Price Rs reduced. For 5.66 liters.

This brings the price of new oil in Pakistan to Rs. 149.86 per liter, High Speed Diesel (HSD) price Rs. The price of kerosene oil is 144.15 Rs per liter. The price of Light Diesel Oil (LDO) is 125.56 Rs per liter. 118.31 per liter.

New Petrol Prices in Pakistan

PRODUCT
CURRENT PRICE (PKR)
NEW PRICE (PKR)
Change (PKR)
High Speed Diesel (HSD)
154.15
144.15
-10.00
petrol
 159.86
 149.86
 -10.00
 Light Diesel Oil
(LDO)
 123.97
 118.31
 -5.66
Kerosene Oil
126.56
125.56
-1

The latest oil prices in Pakistan will take effect from midnight on March 1, 2022. According to Prime Minister Imran Khan, the prices of these goods will not be increased until the next budget. The development took place during his address to the nation on February 28, 2022.

Prime Minister Imran Khan said that oil prices in Pakistan are still cheaper than in other countries. Prime Minister Imran Khan said, “Pakistan ranks 25th among 190 countries in terms of the lowest gasoline and diesel prices.”

He added that the price of gasoline in Pakistan is Rs. liters 160, Rs. India 260, Rs. 185 and Rs. He added: “If the government stops subsidizing Rs 70 billion a month, the price of oil in Pakistan will be Rs 220 per liter.”

In his address to the nation, Prime Minister @ImranKhanPTI immediately announced a 10 rs / liter reduction in fuel prices and did not reflect the impact of global oil growth on consumers over the next four months.

– Office of the Prime Minister of Pakistan (@PakPMO) February 28, 2022
It should be noted that on February 16, 2022, Brent oil, which was $ 94 per barrel, exceeded $ 100 during Russia’s intervention in Ukraine. International oil prices rose to $ 105 on Thursday. This is the highest level since September 2014.

It should also be noted that the Oil and Gas Regulatory Authority (OGRA) has proposed an increase in Rs. In Pakistan, the price of gasoline and diesel is 8-10 per liter, but the summary is rejected by the Prime Minister.

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