ISLAMABAD: The already burdened masses will bear an additional burden in the module of colossal excursion like the government on Taken Tuesday up the price of petrol from Rs 12.03 per liter with immediate effect.
According to the Finance Division, gasoline price it was increased by 12.03 Rs / liter, high speed diesel (HSD) from Rs 9.53 / liter, kerosene oil from Rs 10.08 / liter and light diesel fuel (LDO from Rs 9.43 / liter for the rest half of month in course of February 2022.
After decision of hike, gasoline will be available at Rs159.86 / liter, while high-speed diesel (HSD) at Rs 154.15 per liter, kerosene oil at Rs126.56 per liter and LDO at Rs 123.97 / liter in the opening market of Village.
“In the fortnightly review of Prices of petroleum products, the prime minister he took in consider the recommendation to increase prices of petroleum products in line with a change in the international oil prices. Despite the increase in prices of petroleum products, oil tax and sales tax have been minimized, “the Finance Division said.
Finance division also stated that the prices of petroleum products are experiencing a drastic increase in the international market and I am currently al highest level since 2014.
“Despite the incessant increase from the beginning of the year Prime Minister Imran Khan postponed the last review of prices of petroleum products on January 31, 2022 is recommended against the summary of OGRA, “said finance division in a statement issued on Tuesday in delay.
Finance division further stated that the government had also 0% sales tax collected e reduced the levy to provide “relief” to consumers against budgeted.
Finance division said that “relief” had driven the government suffer a loss of income of approximately Rs 35 billion every fortnight.
Previously, gasoline was sold in the country at Rs147.83 per liter, high-speed diesel (HSD) at Rs144.62 and light diesel fuel (LDO) at Rs114.54 per liter.
In Asian trade, Brent crude was trading at 96 a barrel and WTI was trading to 95 per barrel.
