Nawaz Sharif, public in anger as petrol price up by Rs6.72 per litre

ISLAMABAD – The government Monday increased price of petrol and reduced the prices of diesel and kerosene oil for the next fortnight of running month of August.

According to a statement issued by the Finance Division, petrol will now be available for Rs233.91 per litre after it was jacked up by Rs6.72 per litre. Previously, petrol was being sold for Rs227.19 per litre.

On the contrary, there has been a decrease of 51 paisas per litre in the price of high-speed diesel and the new price will be Rs244.44 per litre.

Kerosene oil, which was previously available at Rs201.07 per litre, will now be sold for Rs199.40 per litre after an increase of Rs1.67.

Light diesel oil registered a slight increase of 43 paisa, after which it will be sold at Rs191.75 per litre as against the previous rate of Rs191.32 per litre.

“In the wake of fluctuations in petroleum prices in the international market and exchange rate variation, the government has decided to revise the existing prices of petroleum products to pass on the impact to consumers”, said the ministry of finance in a statement.

The move was being widely slammed by PML-N supremo Maryam Nawaz, members of the coalition government, and public as well.

میاں صاحب نے اس فیصلے کی سخت مخالفت کی اور یہاں تک کہ دیا کہ میں مزید ایک پیسے کا بوجھ عوام پر نہیں ڈال سکتا اور اگر حکومت کی کوئی مجبوری ہے تو میں اس فیصلے میں شامل نہیں ہوں اور میٹنگ چھوڑ کر چلے گئے۔ https://t.co/McG019GW6Z

— Maryam Nawaz Sharif (@MaryamNSharif) August 15, 2022

Pak rupee has gained strength of approx Rs 40 against dollar n Crude oil prices have reduced in world markets. It’s benefit shud have been transferred to public in Pakistan. Shameful recent price hike in petrol prices can’t be justified by Govt. Reduce petrol prices NOW

— Noor Alam Khan (@NOORALAMKHAN) August 15, 2022

Oil prices globally have fallen to the lowest in 6 months, PKR has gained 40 Rupees against dollar in the space of two weeks BUT petrol price in Pakistan is increased by nearly 7 Rupees. CAN SOMEONE EXPLAIN THE LOGIC BEHIND IT?

— Mazher Arshad (@MazherArshad) August 15, 2022

Earlier, reports had claimed that petroleum prices will be slashed due to ongoing fall in international oil prices and devaluation of dollar against Pakistani rupee in both interbank and open markets.