ISLAMABAD: The federal government has increased the price of petrol by Rs10 per litre for the next fortnightly review, announced Federal Minister for Finance Ishaq Dar.
In a statement, the Finance Division said the rationale behind a hike in the price of petroleum products was the "increase in petroleum prices in the international market and exchange rate variation".
Petrol's price has been increased to Rs282 per litre, while high-speed diesel and light diesel oil rates will remain stable at Rs293 per litre and Rs174.68 per litre, respectively, the statement from the Finance Division read.
However, an increase of Rs5.78 per litre has been made to the price of kerosene oil, moving it from Rs180.28 per litre to Rs186.07 per litre.
| Product | Existing prices w.e.f 1.04.2023 | New prices w.e.f 16.04.2023 | Increase |
| Petrol | 272 | 282 | Rs10 |
| High-speed diesel | 293 | 293 | Nil |
| Kerosene | 180.28 | 186.07 | Rs5.78 |
| Light diesel oil | 174.68 | 174.68 | Nil |
Benchmark KSE-100 Index rises by 1,867.61 points, or 1.63%, to close at 116,681.59 points
Govt announces reduction in price of high-speed diesel by Rs3.05 to Rs255.38 per litre
PM's aide slams IPPs for "not allowing regulators to audit their books"; Gohar Ejaz says govt paying Rs2,000bn...
Maryam terms Punjab a "land of opportunity" for Chinese companies
Premier stresses need to prioritise low-cost power projects run on local resources
Bench mark index soars to intraday high of 115,172.44, rising 991.94 points, or 0.87%
