In another massive hike, govt increases petrol price to Rs248.74 per litre
In a new notification issued by the ministry of finance, petrol prices have been increased by Rs 14.85 taking the price of petrol to Rs 248.74 per litre.
“In view of fluctuations in the prices of petroleum products in the international market and changes in the exchange rate, the government has decided to impose a partial levy on petroleum products,” the finance ministry said in a statement.
“The government has decided to change the current prices of petroleum products as per the decision reached with the partners,” the statement said.
The new prices of petroleum products will come into effect from July 1 (today), the finance ministry said.
The government has increased the partial levy on petrol by Rs10 to Rs14.85, after which the new price of petrol will be Rs248.74 per liter.
The price of high speed diesel has been increased by Rs13.23 including Rs5 levy and the new price will be Rs276.54 per liter.
The price of kerosene has also been increased by Rs18.83 including partial levy of Rs5 and the new price will be Rs230.26 per liter.
The light diesel has been increased by Rs18.68 with a partial levy of Rs5 and the new price of light diesel will be Rs226.15.
According to the announcement of the federal government, the new prices of petroleum products will be applicable from July 1, 2022.