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New Govt’s decision to not raise petrol prices

new govt's decision to not raise petrol prices

The government will not change the prices of petroleum products until April 30.

Sources close to the Prime Minister told Times24x7 that the PM rejected a report about the increase in petroleum prices, which will remain unchanged from April 16 on.

The current price of petrol stands at Rs. 149.86 per liter, whereas the per-liter prices of diesel, kerosene oil, and light diesel are Rs. 144.15, Rs. 125.56, and Rs. 118.31, respectively

In order to lower global inefficiencies, the Oil and Gas Regulatory Authority (OGRA) has recommended increasing the prices of petroleum by up to Rs. 119 effective April 16, 2022 which will be assessed at the pump in early May. The regulator has suggested an increase in prices of high-speed diesel (HSD) by Rs. 119 per liter, petrol by Rs. 83.5 per liter, kerosene oil by Rs. 77.56 per liter, and light diesel oil (LDO) by Rs. 77.31 per liter as seen on Thursday, April 10th 2019in Karachi, Pakistan.

In March, Prime Minister Imran made a decision to reduce the price of petroleum by 10 rupees per liter. The new rates will remain in place through the next years until the FY23 budget.

Prices of crude oil have surged since then, but prices of petroleum products remain unchanged in Pakistan.

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