Thursday Sep 30 2021

Petrol price in Pakistan moves up by Rs4 from October 1

— Reuters/File
— Reuters/File

  • Petrol to now cost Rs127.30.
  • High-speed diesel to cost Rs122.04,
  • Kerosene oil to cost Rs99.31.
  • Light diesel oil to cost Rs99.51.

The government on Thursday announced it has raised the price of petrol by Rs4 from October 1 "due to an increase in petroleum prices in the international market", according to a notification from the Finance Division.

"OGRA has worked out the higher petroleum prices but prime minister has decided against the recommendation and passed on the minimum increase in prices to the consumers," the notification said.

The government has absorbed the higher international pressure of prices through a reduction in petroleum levy and the sales tax, it added.

"It is pertinent to mention that petroleum prices in Pakistan are the cheapest in the region," the notification claimed.

Earlier, the OGRA spokesperson said that the price of petroleum products will be announced tomorrow by the government.

Petrol, with the Rs4 increase, costs Rs127.30 per litre, whereas high-speed diesel, with an increase of Rs2, costs Rs122.04 per litre.

ProductExisting price (per litre)Increase (per litre)New price (per litre)
High-speed dieselRs120.04Rs2Rs122.04
Kerosene oilRs92.26Rs7.05Rs99.31
Light diesel oilRs90.69Rs8.82Rs99.51

Meanwhile, kerosene oil costs Rs7.05 more and is priced at Rs99.31 per litre, while light diesel oil became Rs8.82 dearer to cost Rs99.51 per litre.