June 16, 2022
1 min read

Rs 233.89 per litre: Petrol price touches new high in Pakistan

Starting from Thursday, the price of petrol will be 233.89 PKR per litre, diesel will be 263.31 PKR…reports Asian Lite News

Pakistan Finance Minister Miftah Ismail announced that the government was not in a position to bear subsidies on petroleum products anymore, therefore, it has decided to increase the prices of petrol by 24.03 PKR, taking it to a record high of 233.89 PKR per litre.

Starting from Thursday, the price of petrol will be 233.89 PKR per litre, diesel will be 263.31 PKR, kerosene oil will be sold for 211.43 PKR, and the price of light diesel oil will be 207.47 PKR, Geo News quoted the Minister as saying.

At the beginning of the press briefing, Ismail, who was flanked by State Minister for Petroleum Musaddaq Malik, criticised the previous government’s policies that, according to him, “deteriorated the country’s economy”.

“Imran Khan had deliberately reduced the prices of petrol by giving subsidies,” Ismail said, adding that the incumbent government was bearing the brunt of those decisions.

He said that currently, Pakistan, on every litre, was bearing a loss of 24.03 PKR on petrol, 59.16 PKR diesel, 39.49 PKR kerosene oil, and 39.16 PKR on light diesel oil, Geo News reported.

He said that in May, this loss had gone past 120 billion PKR, three times greater than running the expenses of the civil government, which amounts to 40 million PKR.

Reacting to the development, PTI leader Fawad Chaudhry took to Twitter and announced that his party had rejected the hike in petroleum products.

ALSO READ: Drink less tea, Pakistan tells its people

Previous Story

Hardik named India captain for T20 series against Ireland

Next Story

FIFA announces schedule for FIFA U-17 Women’s World Cup

Latest from -Top News

‘Kill and Dump’ Haunts Balochistan Again

The latest killings have reignited accusations of extrajudicial executions and the use of counterterrorism laws to cover up custodial deaths in Balochistan….reports Asian Lite News Concerns have deepened across Balochistan following the

‘ASEAN Expands, But Keeps Its Soul’

Malaysian Foreign Minister Mohamad Hasan urged ASEAN to uphold its unity and strategic resolve amid intensifying geopolitical tensions and mounting external pressures…reports Asian Lite News Consensus and inclusivity will remain the cornerstones

Bangladesh bends to beat Trump’s blow

Dhaka seeks compromise as Trump’s 35% tariff looms large over key exports; Washington urges worker protections, factory relocation to US…reports Asian Lite News Bangladesh has opened the second round of critical trade

China seethes as US lands F-35s in PH

As US F-35 jets land in the Philippines for the first time, Manila cements its frontline role in Washington’s power play against rising China….reports Asian Lite News The Philippines is rapidly cementing
Go toTop

Don't Miss

Warrants against Imran Khan cancelled

The decision was made after the former Prime Minister marked

Pakistan, TLP reach tentative truce

The interior minister of Afghanistan’s Taliban regime, Sirajuddin Haqqani, has