Breakdown of oil Prices per liter.
With the fresh hike on July 01, the price of petrol will be Rs248.74/litre, diesel will be Rs276.54/litre, kerosene oil will be sold for Rs230.26/litre, and the price of light diesel oil will be Rs226.15/litre.
July 14, 2022
Prime Minister Shahbaz Sharif on Thursday announced a reduction of Rs40.54 per litre in the price of diesel and Rs18.50 per litre in that of petrol in order to pass on the benefit of the drop in global oil prices to the consumers.
However, now as the prices are declining in the international market the government has decided to pass on the relief to people and therefore reduced the price of petrol and diesel by Rs18.50 and Rs40.54 per litre, respectively.
The new price of petrol will be Rs230.24 per litre while diesel will be available at Rs236 per litre. Meanwhile, petroleum levy has not been increased on all petroleum products.
Product | Existing pricew.e.f 01.07.2022 | New pricew.e.f 15.07.2022 | Increase/ (-) Decrease |
| Petrol | Rs248.74 | Rs230.24 | -18.5 |
| Diesel | Rs276.54 | Rs236 | -40.54 |
| Kerosene oil | Rs230.26 | Rs196.45 | -33.81 |
| Light diesel oil | Rs226.15 | Rs191.44 | -34.71 |
Latest petrol, diesel price in Pakistan from August 1,2022.
The new prices will be effective from August 1, 2022.
| Product | Current price | New price w.e.f August 1 | Change |
| MS (Petrol) | 230.24 | 227.19 | -3.05 |
| High-Speed Diesel (HSD) | 236.00 | 244.95 | +8.95 |
| Kerosene | 196.45 | 201.07 | +4.62 |
| Light Diesel Oil | 191.44 | 191.32 | -0.12 |
Following the changes in the prices, petrol will now be available for Rs227.19 per litre. Previously, petrol was being sold for Rs230.34 per litre.
Meanwhile, there has been an increase of Rs8.95 in the price of high-speed diesel, after which the new price will stand at Rs244.95 per litre.
On the other hand, kerosene oil, which was previously available for Rs196.45 per litre, will now be sold for Rs201.07 per litre following an increase of Rs4.62.
Light diesel oil registered a slight decrease of Rs0.12, after which it will be sold for Rs191.32 per litre as against the previous rate of Rs191.44 per litre.
15 Aug 2022
The Government of Pakistan on Monday increased the price of petrol by Rs6.72 for the next fortnight.
In the wake of fluctuation in petroleum prices in the international market and exchange rate variation, the government has decided to revise the existing prices of petroleum products to pass on the impact to the consumers.
The new prices, effective from August 16, 2022, are as follows:
| Product | Existing Prices w.e.f 01.08.2022 | New Prices w.e.f 16.08.2022 | Increase/(-) Decrease |
| MS (Petrol) | 227.19 | 233.91 | +6.72 |
| High-Speed Diesel (HSD) | 244.95 | 244.44 | -0.51 |
| Kerosene | 201.07 | 199.40 | -1.67 |
| Light Diesel Oil | 191.32 | 191.75 | +0.43 |
Speaking during Geo News’ show Naya Pakistan on August 14, Finance Minister Miftah Ismail said that the government can’t afford to subsidise petroleum products.
“The finance ministry will not impose any more taxes and levies on petroleum products, but the government could not bear any more losses by providing subsidies,” the minister said.
1st Sep 2022
Latest petrol, diesel prices in Pakistan from Sept 1
The government has increased prices of petroleum products in the country after which the new price of petrol will be Rs235.98 per litre, said a statement issued by the Finance Division early Thursday.
After revised petroleum products prices, Rs2.07 per litre has been increased in the price of petrol.
As per notification, Rs2.99 has also been increased in the price of high-speed diesel, after which the new price will be Rs247.43 per litre. The price of light diesel oil will be 201.54 per litre after an increase of Rs 9.79 per litre.
21 Sep 2022
According to the notification issued by Ministry of Finance, after the increase in price, new petrol price will be Rs237.43 per litre while price of High Speed Diesel will be remained unchanged and will be sold at Rs247.43 per litre.
The price of light diesel has been reduced by Rs4.26 per litre, after which the new price has been fixed at Rs197.28 per litre. The price of kerosene was reduced by Rs8.30 per litre, after which the new price will be Rs202.02 per litre
Ishaq Dar takes oath as Pakistan’s new finance minister
In remarks made after taking the oath, Dar outlined his priorities. “We will control inflation. We will bring interest rates down,” he told reporters.
Dar, a chartered accountant by profession, was given the position after the resignation of his predecessor Miftah Ismail, who was Pakistan’s fifth finance minister in about four years.
During his six-month stint as finance minister, Ismail managed to secure a $1.17bn bailout package from the International Monetary Fund (IMF) as Pakistan battles an economic crisis.
Dar returned to Pakistan on Monday after five years of self-imposed exile in London following allegations of corruption against him.
“I will try my best to save Pakistan from the economic vortex it is caught in … I am hopeful we will head towards a positive direction,” he told reporters on Monday night.
But the opposition has attacked the government over Dar’s appointment.
Addressing an event in Lahore on Monday, Imran Khan, the former prime minister and head of the main opposition Pakistan Tehreek-e-Insaf (PTI) party, called Dar the “biggest conman of Pakistan”.
New Petrol Prices September 30, 2022
Finance Minister Ishaq Dar on Friday announced a reduction in the price of petrol by Rs12.63 per litre and high-speed diesel by Rs12.13.
The new prices will come into effect at midnight tonight, the newly appointed finance minister said while addressing a press conference in Islamabad.
“The petrol price has been reduced to Rs224.80 per litre from Rs237.43 after a reduction of Rs12.63. Likewise, high-speed diesel price is being reduced by Rs12.13. It will now be sold at Rs235.30, [down] from the existing Rs247.43,” the minister said.
Similarly, kerosene oil’s new price will be Rs191.83 following a Rs10.19 cut and light diesel oil’s price will be Rs186.50 after a decrease of Rs10.78.
Dar said the decision to slash prices had been taken after a “detailed discussion” with Prime Minister Shehbaz Sharif.
GenialMalik 