After the Gas and Electricity Price hike federal government on Wednesday night drop the petrol bomb by jacking up the prices of petroleum products by up to Rs13 per litre with immediate effects.
According to details, the federal government announced to increase in the rate of petrol by Rs5 per litre after which the price of petrol was fixed at Rupees 272 per liter.
Also Read: Govt Increases Petrol Prices by 22 Rupees Per Liter
Meanwhile, the price of high-speed diesel (HSD) has been increased by Rupees 13 per litre to Rs293.00. The price of kerosene oil has been increased by Rupees 2.56, after which the new price of kerosene oil has become Rupees 190.29 per litre. The good news for heavy transporter is that price of light diesel has remained unchanged.
The major impact of the hike in prices was mainly because of about Rs16 per dollar average depreciation over the last fortnight, i.e. since 1st March. The ex-depot price of petrol has now been fixed at Rs272 per litre for the next fortnight instead of Rs267 per litre, up by Rs5 or 1.9pc. Likewise, the ex-depot price of HSD has now reached Rs293 per litre from Rs280, up by 4.6pc.
The ex-depot price of kerosene has increased by Rs2.56 (1.4pc) per litre to Rs190.29 from Rs187.73, and that of LDO was kept unchanged at Rs184.68 per litre.
Earlier on Feb 2023, the federal government slashed the prices of petrol by up to Rs5 per litre effective from 1st March 2022.
In a televised address to the nation, Finance Minister Ishaq Dar said that the federal government has slashed petrol prices by Rs5 per litre, reducing it to Rs267 per litre from the existing Rs272 per litre.
