Government raises oil prices – Latest News – The Nation

The Federal Government has again increased the prices of petroleum products by Rs 10 per liter for the first half of September 2022.

According to a notification issued by the Finance Division, the price of petrol has increased by 2.07 rupees, high-speed diesel by 2.99 rupees per litre. The price of kerosene increased to Rs 10.92 per liter while light diesel increased to Rs 9.79.

After the recent hike, petrol will now be priced at Rs235.98, followed by high speed diesel at Rs247.43, kerosene at Rs210.32 and light diesel at Rs201.54.

The new rates will come into effect from midnight tonight.

The Federal Government last time raised the price of petrol by Rs 6.72 per liter for the remainder of August 2022.

The government will increase the tax by Rs50 per liter

Earlier it appeared that Pakistan has assured the International Monetary Fund (IMF) to gradually increase the tax on petroleum products up to Rs 50 per litre, ARY News reported, citing well-placed sources.

In the letter of intent, Pakistan assured the international lender to gradually increase the tax on petroleum products to Rs 50 per litre.

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