Petrol prices go up by Rs2 per liter

Petrol prices go up by Rs2 per liter

According to Shahbaz Gill Special Assistant to the Prime Minister on Political Communication Shahbaz Gill. petrol prices in Pakistan have risen by Rs2 per gallon since Thursday.

Gill stated that Ogra had recommended an Rs6.05 increase, but Prime Minister Imran Khan denied it. Instead, he approved an Rs2 per liter increase for petrol. The Ogra recommended increase was in line with an increase in international fuel prices.

Gill stated that the recommendation included an Rs3.44 increase in diesel prices, but the prime minister only approved an increase to Rs1.44. The Ministry of Finance issued a notification. Stating that kerosene oil would experience an increase of Rs3.86 per barrel. While light diesel oil would rise by Rs3.72.

In June, Shaukat Tarin the Minister of Finance had stated that prices for petroleum products would rise in the next month as IMF talks continue to stabilize revenue collection.

Stating that the petroleum levy would rise to Rs600 billion over the next fiscal year. The levy currently stands at Rs5 per liter.

The finance minister was asked if Pakistan would withdraw from the IMF program. If it rejected the proposals and stayed true to its demands. He said no. Although he said that Saudi Arabia had agreed for oil on deferred payment. It was not clear how much oil Pakistan would receive.

Asim Yasin also added Bilawal Bhutto Zardari to the PPP Chairman Bilawal Bhutto. He condemned the rise in Petroleum prices. Stated that the increase of petroleum products was the first shock in the anti-people budget.

See Also: Govt presents Rs8.5tr budget 2021-22

He said, “Today Petrol Prices Up by Rs2 And Gradually Prices of All Essential Items including Electricity and Gas Will Go Further High”. While condemning the increase in the prices of petroleum products.

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