ISLAMABAD: Federal government on Monday announced hike of 6.72 rupees per litre. in in price of petrol for remaining days of August 2022, according to the notification of the Ministry of Finance.
price of diesel saw decrease of 0.51 rubles per liter. rate of light diesel jack up by 0.43 rubles per liter. price of kerosene decreased up to Rs 1.67 per litre, the notice said.
According to the notice issued by the Finance Department, gasoline will now cost Rs 233.91 after latest hike followed by high speed diesel at Rs 244..44, kerosene at Rs 199.40 and light diesel priced at Rs 191.75.
new prices will be included in effect since midnight today.
government last month reduced in price of gasoline at 3.05 rupees per liter, but on a jacked up up in rate of high-speed diesel fuel (HSD) at 8.95 rupees per liter.
Oil prices are falling in international market
this is worth mentioning here that Prime Minister Shehbaz at the head coalition government It has announced increase in fuel prices despite falling global oil prices.
Oil prices in the world fell by more than $4 a barrel on Monday on demand fears of a resumption of disappointing Chinese economic data global recession fears.
Brent futures fell $4.35, or 4.43%, to $93.80 a barrel by 13:51 GMT, after falling 1.5%. on Friday.
American West Texas Intermediate oil was down $4.23, or 4.59%, to $87.86 after falling 2.4%. in previous session.
Open interest in Brent oil this month down by 20% since August last year.
