Islamabad, December 31, 2021: The price of petrol in Pakistan went up by Rs4.0 per litre. According to OGRA notification, with the Rs4.0 increase, the new price of petrol has been fixed at Rs144.82 per litre for the next fortnight. Sales tax on Petrol decrease from Rs6.41 per litre to Rs3.53 per litre for January supplies.
Ministry of Finance in a press release has said that in the fortnightly review of Petroleum Products’ prices, Prime Minister has rejected the proposal of OGRA for increase in prices of Petroleum Products and advised to increase only Rs. 4/- per litre to meet the Petroleum Levy target agreed with the IMF.
It is pertinent to mention that Sales Tax on Petrol and Diesel has been adjusted downwards as compared to le December, 2021 to keep the prices lower. The new prices of petroleum products with effect from January, 2022.
