ISLAMABAD: The federal government has jacked up prices of petrol, diesel and other products up to Rs4.15 per litre to meet the IMF condition of levying petroleum levy every month till the time the PDL reaches Rs30 per liter.
The federal government has hiked the prices of petroleum products as an increase of Rs4 per litre was made for petrol, Rs4 for high-speed diesel (HSD), Rs3.95 for Kerosene oil and Rs4.15 for light diesel oil.
The new price of petrol is fixed at Rs144.82 per litre after increasing it from Rs140.82 per litre, HSD from Rs137.62 to Rs141.62, Kerosene oil from Rs109.53 to Rs113.53 and light diesel oil from Rs107.06 to Rs111.06.
Ministry of Finance has notified that the Prime Minister has allowed the imposition of petroleum levy of 4 rupees per liter from Jan 2022 as a result of which the prices of domestic petroleum products have been increased from 1st Jan.
The notification will come into effect from January 1, 2022, for the next 15 days.
Earlier in the day, the Oil and Gas Regulatory Authority (OGRA) notified a reduction in the price of Liquefied Petroleum Gas (LPG) for the month of January 2022.
According to a notification issued by a regulatory body, the LPG prices would go down by Rs5.9 per kilogram and it would now be sold out at Rs196.67 per kilogram.
