Pakistan on Wednesday announced increase in prices of all petroleum products. These prices are implemented with effect from September 01, 2022.
The finance division notified the new prices of petroleum products with effect from September 01, 2022.
The price of petrol has been increased by Rs2.07 per liter to Rs235.98 from Rs233.91.
The price of high speed diesel has been increased by Rs2.99 per liter to Rs247.43 from Rs244.44.
The rate of kerosene oil has been raised by Rs10.92 per liter to Rs210.32 from Rs199.40.
The price of light diesel oil has been increased by Rs9.79 per liter to Rs201.54 from Rs191.75.
It is important to note that the government revised the prices in the wake of falling international oil prices and massive recovery in rupee value.
The sources said that the government was striving to get loans under the Extended Fund Facility (EFF) from the International Monetary Fund (IMF). The government met all the conditions and received $1.16 billion from the IMF after it’s executive board accorded approval on August 29, 2022.
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