Pakistan keeps prices of petroleum products unchanged for next 15 days

Pakistan keeps prices of petroleum products unchanged for next 15 days
In this file photo, taken on June 2, 2022, motorists wait to fill their vehicles' tanks at a petrol station in Islamabad, Pakistan. (Photo courtesy: AFP)
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Updated 01 November 2022
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Pakistan keeps prices of petroleum products unchanged for next 15 days

Pakistan keeps prices of petroleum products unchanged for next 15 days
  • This is the second time Pakistan has kept the prices unchanged
  • The government last month also slashed petrol price by Rs12.63

ISLAMABAD: The Pakistani government on Monday decided to keep the prices of petroleum products unchanged for the next 15 days, the Finance Division said.

Pakistan revises petroleum prices every fortnight. This is the second time that the government has maintained the rates of petroleum products, since it announced a cut of Rs12 in petrol price on October 1.

“In the fortnightly review of petroleum products’ prices, Government has decided to maintain the petroleum products’ prices unchanged in order to provide relief to the common man,” the Finance Division said in a notification late Monday.

A liter of petrol costs Rs224.80, while that of high-speed diesel costs Rs235.30, according to the notification.

Kerosene oil and light diesel oil have been respectively priced at Rs191.83 and Rs186.50 per liter.

The coalition government of Prime Minister Shehbaz Sharif last month slashed the petrol price by Rs12.63 per liter, giving massive relief to the inflation-stricken people.

The drop in petroleum prices came after Ishaq Dar took charge as the country’s finance czar.