Pakistan has lowest Petrol Price in Sub Continent even after price revision

ISLAMABAD: Federal Minister for Energy Omar Ayub has attributed the rise in prices of petroleum products to increase in the price of crude oil in the global market and depreciation of the rupee.

Umar Ayub wrote on twitter, “The international prices of oil have risen sharply in the last 1 month. The rupee has also weakened by Rs. 2 to 3. The calculation increase for Petrol was Rs. 31.58/L but Govt has increased it by Rs 25.58/L. For Diesel calculation increase was Rs. 24.31/L but actual increase is Rs. 21.31/L.”

“On Jan 1, Petrol was Rs. 116.60/L and Diesel Rs.127.26/L. Petrol was reduced by Rs.42/L & Diesel by Rs.47/L on June 1. Now the increase in Petrol is Rs.25/L but is still Rs.17/L cheaper than in Jan. Diesel has increased by Rs. 21/L but is still Rs. 26/L cheaper than in Jan.,” the minister added.

Federal Minister for Energy said, “Petrol prices in Pakistan are still the lowest in the Sub Continent by a wide margin.”

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The international prices of oil have risen sharply in the last 1 month. The rupee has also weakened by Rs. 2 to 3. The calc increase for Petrol was Rs. 31.58/L but Govt has increased it by Rs 25.58/L. For Diesel calc increase was Rs. 24.31/L but actual increase is Rs. 21.31/L

— Omar Ayub Khan (@OmarAyubKhan) June 26, 2020

On Jan 1, Petrol was Rs. 116.60/L and Diesel Rs.127.26/L.
Petrol was reduced by Rs.42/L & Diesel by Rs.47/L on June 1. Now the increase in Petrol is Rs.25/L but is still Rs.17/L cheaper than in Jan. Diesel has increased by Rs. 21/L but is still Rs. 26/L cheaper than in Jan.

— Omar Ayub Khan (@OmarAyubKhan) June 26, 2020

Yesterday, Prime Minister Imran Khan approved the summary of the increase in prices of petroleum products, after which the Ministry of Finance issued a notification of the increase in prices of petroleum products.

Prices of petroleum products have been increased by Rs 25 per litre.

on June 26, the government decided to revise the existing prices of petroleum products in view of the rising oil prices trend in the global market.

The price of petrol was increased by Rs25.58 to Rs100.10 per litre, while the price of High-Speed Diesel (HSD) increased by Rs21.13 to Rs101.46 per litre.

On the other hand, the price of Light Diesel Oil (LDO) increased by Rs17.84 to Rs55.98 per litre and the price of Superior Kerosene Oil (SKO), has been increased by Rs23.50 to Rs59.06 per litre.

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