Thursday , February 2 2023

Prices of Petroleum Products 1st February 2023

The price of petrol and diesel has been increased by Rs 35, Rs 35 per litre. Currently, no sales tax is being charged on diesel and petrol, according to the IMF conditions, after the implementation of sales tax, petrol and diesel will become more expensive. By increasing the levies on diesel and ending the subsidy, there will be an increase of 20 rupees and 70 paisa on diesel. War levies will be increased from 40 to 50 rupees, at present subsidy of 10 rupees 70 paise is being given on diesel. The government has abolished the subsidy of 6 rupees 8 paise on petrol.

Prices of Petroleum Products 1st February 2023

The price of kerosene and light diesel has been increased by Rs.18, Rs.18 respectively. After the increase of 35 rupees, the new price of petrol has been fixed at 249 rupees 80 paisa per liter while the new price of high speed diesel has been fixed at 262 rupees 80 paisa per liter. After an increase of Rs 18, the new price of kerosene oil has been fixed at Rs 189 83 paise and the new price of light diesel oil has been fixed at Rs 187.

Prices of Petroleum products on 1st March 2020

The price of kerosene is being reduced by Rs 10, the new price of kerosene has been fixed at Rs 171 83 paise per litre.

Petroleum levy on high speed diesel has been reduced by 2 rupees 50 paise and has been reduced from 10 to 7 rupees 50 paise per liter. PSO Exchange Ad Adjustment has been increased by 2.24 rupees on high speed diesel and P. SOX change adjustment is Rs 3.63 to Rs 5.87. Petroleum levy on light diesel and kerosene will remain at Rs 10 per liter. The new rate of petroleum levy on petroleum products has been applied from September 1.

Product Existing Prices
w.e.f16-08-2022
New Prices w.c.f.
01-09-2022
Increase / (-)
Decrease
MS (Petrol) 214.80 249.80 +35.00
High Speed Diesel (USD) 227.80 262.80 +35.00
Kerosene (SKO) 171.83 189.00 +18.00
Light Diesel Oil 169.00 187.00 +18.00

Current Fuel Petroleum & Diesel Price:

According to the notification, the new price of petrol was fixed at Rs 159.86 per liter, diesel at Rs 154.15 per liter, kerosene at Rs 126.56 per liter and diesel at Rs 123.56 per liter.

Prices of Petroleum Products Feb 1, 2023

Foregoing in view, prices of petroleum prices have been increased partially as compared to the prices being worked out by OGRA If the Government had accepted OGRA’s recommendation, the new prices would have been much higher Infact, the Government has absorbed the bulk of the pressure after making adjustments in the Sales Tax and Petroleum Levy It is pertinent to mention that Petroleum Levy
collection is far short of its fixed target for the first quarter of the FY 2021-22.

Latest Petroleum & Diesel Prices in Pakistan:

The prices of the summary sent to the Ministry of Petroleum have made adjustments in the prices of petroleum products. The pricing of petroleum products will only be worth the money that the new prices will be applied for one month at 12:00 tonight.

Petrol Price in Pakistan:

Product Current Prices

Premium:

High-Speed Diesel:

Light Speed Diesel:

Kerosene Oil: