Govt hikes petrol price by over Rs6 for next 15 days of August

A representational image of a petrol station staffer filling a car’s fuel tank.

ISLAMABAD: The Government of Pakistan on Monday increased the price of petrol by Rs6.72 for the next fortnight.

In the wake of fluctuation in petroleum prices in the international market and exchange rate variation, the government has decided to revise the existing prices of petroleum products to pass on the impact to the consumers.

The new prices, effective from August 16, 2022, are as follows:

Product Existing Prices
New Prices
Increase/(-) Decrease
MS (Petrol) 227.19 233.91 +6.72
High-Speed Diesel (HSD) 244.95 244.44 -0.51
Kerosene 201.07 199.40 -1.67
Light Diesel Oil 191.32 191.75 +0.43

No subsidy on petroleum products: Miftah Ismail

Speaking during Geo News’ show Naya Pakistan on August 14, Finance Minister Miftah Ismail said that the government can’t afford to subsidise petroleum products.

“The finance ministry will not impose any more taxes and levies on petroleum products, but the government could not bear any more losses by providing subsidies,” the minister said.

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Muhammad Umar
Muhammad Umar Blogger and Writer at He had a great grip on south Asia Political and current affair Issues..

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