Petrol price 2021

Automotive News
August 31, 2021December 30, 2023

From September 1, the Price of Petrol in Pakistan is likely to Drop

From September 1, the Price of Petrol in Pakistan is likely to Drop

August 31, 2021 / By Zunair Tahir / Automotive News

  • The OGRA recommends that the Petroleum Division lower the price of fuel by Rs3.5.
  • Diesel costs Rs5, light diesel costs Rs 2, and kerosene costs Rs3.
  • Following talks with the Prime Minister, the Finance Ministry will make a final decision.

The price of petroleum products in the country is likely to drop starting September 1, according to reports, because the Oil and Gas Regulatory Authority (OGRA) has submitted the government a bi-monthly rate list.

According to reports, the OGRA has recommended that the Petroleum Division decrease the price of fuel by Rs3.5, diesel by Rs5, light diesel oil by Rs2, and kerosene oil by Rs3.

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However, after consulting with Prime Minister Imran Khan, the Ministry of Finance will make a final decision on the Petrol Prices.

The Pakistani government declared on August 15 that it will not raise the price of gasoline for the remainder of August, according to a notification issued in this respect.

The price of kerosene oil, on the other hand, had risen by Rs0.81 per liter, while the price of light diesel had risen by Rs1.10 per liter.

The new price of kerosene oil is Rs88.30 per liter, while light diesel is Rs85.77 per liter, according to the announcement.

Meanwhile, the notice stated that petrol prices remained steady at Rs119.80 per liter while the price of high-speed diesel remained unchanged at Rs116.53 per liter.

READ MORE NEWS…

Automotive News
August 1, 2021December 30, 2023

Beginning August 1, the price of gasoline in Pakistan was increased by Rs1.71 per litre.

Beginning August 1, the price of gasoline in Pakistan was increased by Rs1.71 per litre.

On Friday, Shahbaz Gill, the premier’s adviser on political communication, announced that the government has hiked the price of fuel by Rs1.71 per litre.

The decision was taken, according to Gill, based on the advice of the Oil and Gas Regulatory Authority (OGRA). As a result, from August 1, petrol would cost Rs119.80 a litre.

NEW GASOLINE PRICES

PRODUCTOLD PRICENEW PRICEINCR/DECR PRICE
HIGH SPED DIESEL (HSD)116.53116.53+1.71
PETROL118.09119.800.00
KESOSENE OIL87.1487.75+0.35
LIGHT DIESEL84.6784.670.00
NEW/OLD GASOLINE PRICE

According to him, it was agreed to keep the pricing of high-speed diesel unchanged since a rise in this product has a greater impact on the “ordinary man and farmers.” As a result, diesel would remain at Rs117.53 a litre.
Similarly, the price of light diesel oil has remained unchanged.
Meanwhile, from August 1, kerosene would be Rs0.35 more expensive per litre, costing Rs85.75 per litre.
It was rumoured that OGRA had proposed a fuel price rise of Rs1.71 per litre and a diesel price increase of Rs2.27 per litre.
It was also claimed that it suggested a Rs0.35 per litre increase in kerosene prices and a Rs0.24 increase in light diesel oil prices.

Any Relief For the People

According to a finance ministry statement, the government has been giving maximum comfort to customers by lowering the prices of petroleum goods since April 2021.

It stated that, despite rising worldwide oil costs, the government decided not to transfer the whole expense of the increase on to consumers. The sales tax and fuel levy rates have been lowered to give maximum assistance to consumers.

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