KARACHI – Another blow to inflation-hit Pakistanis as the federal government raised prices of petrol and high-speed diesel (HSD) by Rs3.72 and Rs3.29 per litre, respectively, with new petrol price standing at Rs252.10.
In contrast, the government reduced the prices of kerosene oil and light diesel oil by 62 paise and 48 paise per litre, respectively.
New Petrol Price in Pakistan
The changes were made in light on tweaks in International oil markets that saw a decline in prices, with Brent crude falling by 34 cents (0.46%) to settle at $72.94 per barrel, and US West Texas Intermediate crude dropping by 72 cents (1.05%) to $68.
Earlier, it was reported that the government might introduce General Sales Tax (GST) on petroleum products and increasing the Petroleum Development Levy (PDL) from Rs60 to Rs70 per litre, at directions of IMF, but no development was shared on it.
