The caretaker federal government has announced a slight cut in the price petrol while the price of high-speed diesel has been kept unchanged.
The price of petrol has been reduced by Rs. 8 per liter and the new price will be Rs. 259.34. The price of high-speed diesel will remain unchanged at Rs. 276.21 per liter.
Government of Pakistan has reduced Petrol price by 8 rupees, whereas price of High Speed Diesel has been maintained. pic.twitter.com/wIhfAVBW5t
— Ministry of Finance, Government of Pakistan (@Financegovpk) January 15, 2024
At the last fortnightly review of petroleum prices, the government had kept the prices of both petrol and high-speed diesel unchanged.
The prices of petroleum prices in the country are largely dependent on international oil prices and the exchange rate. However, a major component in the current prices is the petroleum development levy.
The government is currently charging Rs. 60 levy on every liter of both petrol and high-speed diesel.
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good news
When increasing then up to 30. When returning then 8