Connect with us

Hi, what are you looking for?


Govt reduces petrol, diesel prices by Rs 10 & Rs 7.50 per liter from Dec 16

ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar today announced reduction in the prices of petrol, diesel and kerosene.

Dar announced Rs10 per liter cut in the price of petrol from Dec 16. Now the new price of petrol will be Rs 214.80 a liter after Thursday midnight.

Meanwhile, after a reduction of Rs7.50 per liter, diesel will be sold at Rs 227.80 while Kerosene will be sold for Rs171.83 a liter.

Dar said the reduction in petro-prices was in line with PM Shehbaz Sharif’s desire to provide relief to the people. Below is the table of old and new prices of petroleum products.

Commodity Existing prices
New prices
Increase/Decrease (in rupees)
Petrol Rs224.80Rs214.80-10.00
Diesel Rs235.30Rs227.80-7.50
Kerosene oilRs181.83Rs171.83-10.00
Light diesel oilRs179Rs169-10.00

Finance Minister Muhammad Ishaq Dar said that since the beginning of the ongoing quarter (October- December) of the fiscal year 2022-23, the prices have cumulatively declined by:

  • Rs22.63 per litre in petrol price
  • Rs19.63 per litre in the price of high-speed diesel
  • Rs28.28 per litre in the price of light diesel oil
  • Rs30.19 per litre in the price of kerosene oil

The decline comes amid a drop in international oil prices. As of December 15, Brent crude futures were down 33 cents or 0.4% at $82.37 a barrel by 1453 GMT and US crude futures lost 43 cents or 0.6% to $76.85.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

Latest Updates

Khadija Shah decides to court arrest, denies her involvement in an attack on the corps commander’s house ISLAMABAD: Khadija Shah, daughter of former finance...

Latest Updates

Imran Khan Raises Questions Over Judicial Independence in Pakistan

Latest Updates

Federal Shariat Court says transgenders cannot change their gender in Pakistan ISLAMABAD: The Federal Shariat Court today said that transgenders cannot change their gender...


Yumna Zaidi and Wahaj Ali Getting Criticism For Choosing ‘Tere Bin‘ Script: Recent episodes of the popular drama series “Tere Bin” on the Geo...