Govt ups petrol price by Re0.88 per litre, high-speed diesel rate by Re0.53
The government on Tuesday increased the price of petrol by Re0.88 per litre and that of high-speed diesel (HSD) by Re0.53. Following the revision, petrol will retail at Rs382.02 per litre while HSD will cost Rs389.80 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. According to the Petroleum Division’s notification, the new…
The Pakistani government raised the price of petrol by Re0.88 per litre on Tuesday and high-speed diesel (HSD) by Re0.53 per litre. As a result, petrol will now cost Rs382.02 per litre and HSD will be priced at Rs389.80 per litre. The government maintains a tax of Rs114 per litre on petrol and Rs100 per litre on diesel. The revised prices will be effective from October 21 (Wednesday).
The price of HSD has decreased from its peak of Rs520.35, recorded on April 3, after it started increasing from Rs281 per litre following the outbreak of the US-Iran war on February 28. Meanwhile, the government has reinstated austerity measures due to the rising fuel costs in the context of the ongoing Middle East conflict. Markets are now required to close by 9pm, and fuel allocations for official vehicles have been reduced by 50% for three months.
Prime Minister Shehbaz Sharif also introduced a "relief scheme" for users of motorcycles, autos, and vehicles up to 800cc to ease the burden of the rising global oil prices. Petrol and HSD are the primary sources of revenue for the government, with monthly sales of approximately 700,000 to 800,000 tonnes.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
