NEWS Petrol Price_ the Government Of pakistan Has Announced The Latest Petroleum Prices, Pevealing The Rates For Petrol And Diesel IN The Country

according To The Official Statement, The Cost Of Petrol Has Been Established At Rs 272.95 Per Liter, While High-Speed dieSel Will Be Priced AT Rs 273.40 Per Liter. These Updated Rates Will Remain In Effect Until august 15, 2023, Unless Subject To An Earlier Revision. THIS DECISION FOLLOWS THE RECENT UPWARD ARD ADJUSTMENTSt IN PETROLEUM PRICES AS AECLARED BY THE PREVIOUS ADMINISTRATION ON JULY 31, 2023.

THE FINANCE MINISTRY HAS CLARIFIED THAT THE RECENT UPSURGE IN THE INTERNATIONAL MARKET RATES FOR PETROLEUM PRODUCTS HAS HAD A DIRECT IMPACT ON THE LOCAL PRICES IN PAKISTAN. THE PRICE OF PETROL SURGED FROM $89. 14 TO $97.39 PER BARREL, WHILE HIGH-SPEED DIESEL WITNESSED AN INCREASE FROM $96.26 TO $111.46 PER BARREL BETWEEN JULY 16, 2023, AND JULY 31, 2023.

WHILE ATTRIBUTING THE INCREASE IN DOMESTIC PRICES TO GLOBAL MARKET CONDITIONS, THE MINISTRY HAS EMPHASIZED THE LIMITED CONTROL THE GOVERNMENT HOLDS OVER THESE PRICE FLUCTUATIONS. THE INTERCONNECTEDNESS BETWEEN THE COSTS OF PETROLEUM PRODUCTS WITHIN PAKISTAN AND THE VARIATIONS IN INTERNATIONAL MARKET RATES NECESSITATED THE RECALIBRATION OF DOMESTIC PRICES.

IN THE MIDST OF THE CHALLENGING ECONOMIC LANDSCAPE, THE GOVERNMENT URGES CITIZENS TO BRACE THEMSELVES FOR THE TEMPORARY PRICE RISE AND ADVOCATES FOR THE ADOPTION OF ENERGY-SAVING SAVING PRACTICES DURING THIS PERIOD. THE AUTHORITIES ARE CLOSELY MONITORING THE GLOBAL MARKET SCENARIO TO IMPLEMENT NECESSARY POLICY ADJUSTMENTS THAT CAN EFFECTIVELY MITIGATE THE IMPACT ON LOCAL PETROLEUM PRICES.

GOVT Diminishes Petroleum Value BY RS3.05 PER LITER FOR FIRST 50% OF AUGUST

BUSINESSYBUSINESS Work area July 31, 2022

The costs will be material from August 1 to August 15; Petroleum l WILL Currently BE Accessible FOR RS227.19 PER LITER

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A Chaperon HOLDS A Petroleum L Spout AT A Petroleum Siphon. — REUTERS

A Chaperon HOLDS A Petroleum Spout AT A Petroleum Siphon . — REUTERS

THE Costs WILL BE Pertinent FROM AUGUST 1 TO AUGUST 15.

Petroleum WILL Presently BE Accessible FOR RS227.19 PER LITER.

THERE HAS BEEN AN Increment OF RS8.95 IN THE Value OF HIGH - SPEED DIESEL.

ISLAMABAD : THE Public authority OF PAKISTAN ON SUNDAY Declared Diminishing THE Value OF Petroleum BY RS3.05 PER LITER FOR THE Primary portion of August 2022, an explanation gave by the Money Division said.

Following the progressions in the costs, petroleum will currently be accessible for Rs227.19 per liter. Beforehand, petroleum was being sold in the country for Rs230.34 per liter.

In the mean time, there has been an increment of Rs8.95 in the cost of high velocity diesel, after which the new cost will remain at Rs244.95 per liter.

Product Current price New cost

w.e.f Aug 1 Change

MS (Petrol) 230.24 227.19 -3.05

Fast Diesel (HSD) 236.00 244.95 +8.95

Kerosene 196.45 201.07 +4.62

Light Diesel Oil 191.44 191.32 -0.12

Then again, lamp fuel oil, which was already accessible for Rs196.45 per liter, will presently be sold for Rs201.07 per liter following an increment of Rs4.62.

LIGHT DIESEL OIL ENLISTED A SLIGHT DECLINE OF RS0.12 , AFTER WHICH IT WILL BE SOLD FOR RS191.32 PER LITER AS AGAINST THE PAST PACE OF RS191.44 PER LITER.

As per the warning, the progressions were presented following a decrease in the costs of oil based goods in the worldwide market.

"Attributable to the change in oil costs in the global market and swapping scale varieties, the public authority has chosen to modify the current costs of oil based goods to give the effect on the buyers," the assertion read.

It further added that the new costs will become effective from August 1, 2022, and will stay set up until August 15.

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NEWS Petrol Price_ the Government Of pakistan Has Announced The Latest Petroleum Prices, Pevealing The Rates For Petrol And Diesel IN The Country

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