Federal government increases petrol price by Rs 1.70 per liter

Federal government increases petrol price by Rs 1.70 per liter

Islamabad (Web Desk): The federal government of Pakistan has increased the price of petrol by Rs 1.70 per liter. Petrol will now be sold for Rs 87.70 per liter. 


According to details, the new prices will come into effect from today (May 1). Prices of other petroleum products have also been increased.

Ministry of Finance notification revealed that the new approved prices are as follows: High speed diesel will now be available for Rs 98.76 per liter after its price was increased by Rs 2.31. The price of light diesel has been increased by Rs 3.55 after which its price has gone up to Rs 68.85.

The price of kerosene oil has been increased by Rs 3.41 after which its price has gone up to Rs 79.87.

It is pertinent to remember that the current ratio of GST on HSD is 27.5 percent, 16.5% on kerosene oil, 21.5% on light diesel oil and petrol.

While the levy tax on HSD is Rs 8, Rs 10 on Petrol, Rs 6 on crude oil and Rs 3 on Light diesel oil (LDO) is being received by the government.

Related institutions presented a summary with an increase of Rs 6.97 petroleum and Rs 6.95 on LDO.

After the approval of Prime Minister Shahid Khaqan Abbasi there will be a prices increase of 5.2% on HSD, 3.7% on petrol, 9.91% on kerosene oil and 10.6% on LDP.