The caretaker government has decided to keep the prices of both petrol and high-speed diesel (HSD) unchanged till November 15.
The prices of petrol and HSD will continue to be Rs. 283.38 per liter and Rs. 303.18 per liter, respectively.
At the last fortnightly review of petroleum prices, the interim government reduced the price of petrol by Rs. 40 per liter and the price of high-speed diesel by Rs. 15.
However, the government has slashed the prices of kerosene and light diesel oil. The price of kerosene has been reduced by Rs. 3.82 to Rs. 211.03 per liter while the price of light diesel oil has also been reduced by Rs. 3.40 to 184.46 per liter.
To recall, between August 15 and September 15, petrol and high-speed diesel prices rose by Rs. 58.43 and Rs. 55.83 per liter, respectively, to a historic Rs. 331-333 per liter at retail until September 30. Later, due to the PKR’s massive recovery from below 300 to above 278, fuel and diesel rates were slashed by Rs. 52 and Rs. 26 per liter, respectively, on the 1st and 15th of October.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
I personally think its a good move. The govt must go into some profitability mode so that the external debt is relived by being in profit rather than taxing the already heavily taxed salaried class people.
The Govt should put a profit margin of at least 7% above the taxes as well to maintain positive input of revenue.
Every govt use the institutes like a local general store.
more money given to OMCs such as shell, total , attock , etc . demand remains low which means lower revenue