Islamabad September 1 2023: Government of Pakistan increase prices of Petrol and Diesel by PKR 14.91 per liter and PKR 18.44 per liter, according to the notification issued by ministry of finance.
“The increase in petroleum prices is primarily attributed to increasing trend of Petroleum prices in the international market and exchange rate variations” the notification states.
After this increase, the price of Petrol will be PKR 305.36 per liter and that of HSD will be PKR 311.84 per liter, according to finance ministry notification. Pakistan has cummulatively increased the prices of Petrol and Diesel by PKR 52.36 per liter and PKR 58.34 per liter, respectively since August 1st, 2023.
However, the price of Petrol is still lower than today’s dollar closing of PKR 305.54.
The increase in prices will be implemented from 1st September 2023, the notification said.
