Petrol prices increased to Rs233 per litre
The coalition government has again increased the prices of petroleum products by announcing an increase of Rs24.3 in the price of petrol and Rs59.16 in the price of diesel.
Federal Finance Minister Miftah Ismail had announced in a news conference that the price of petrol increased by Rs24.3 taking the price of petrol to Rs234 per litre, price of diesel increased by Rs59.16 taking the price of diesel to Rs263.31.
New prices per liter of petroleum products
- Petrol Rs233.89
- Diesel Rs263. 31
- Kerosene Rs211.43
- Light diesel Rs207.47
The Federal Minister said that there was nothing we could do about the increase in the prices of petroleum products as the prices increase in the world market.
He said that petroleum products prices are changed on 1st and 15th but when Imran Khan’s government in February considered that the last days of his government had started, they reduced the prices of petroleum products. Taxes and petroleum levies were also abolished, and losses were incurred in what is known as price differential claims.
He further said, at that time oil prices in the world market were at $85 or $90, then the prices in the world market gradually increased, today on June 15 the price of petroleum products in the world market is $120.
He stated that although we have increased the prices of petroleum products twice but still we are losing Rs24.3 on petrol, Rs59.16 on diesel, Rs29.49 on kerosene oil and 29.16 on light diesel.
The finance minister said that in May, there was a loss of Rs120 billion in subsidies on petroleum products, while the monthly cost of running a civilian government is Rs40 billion.
“We do not want to take the country towards bankruptcy,” he added.