Finance Minister Miftah Ismail on Sunday announced a reduction in price of petrol by Rs 3.05 per litre and a hike of Rs8.95 in price of diesel.
Following the changes in the prices, petrol will now be available for Rs227.19 per litre. Previously, petrol was being sold in the country for Rs230.34 per litre.
On the other hand, kerosene oil, which was previously available for Rs196.45 per litre, will now be sold for Rs201.07 per litre following an increase of Rs4.62.
Light diesel oil registered a slight decrease of Rs0.12, after which it will be sold for Rs191.32 per litre as against the previous rate of Rs191.44 per litre.
According to the notification, the changes were introduced following a reduction in the prices of petroleum products in the international market.
The government is able to decrease the price of petrol by Rs 3.05 per litre. The price of diesel has however gone up by Rs 8.95. These prices are effective from midnight August 1. Pakistan Zindabad pic.twitter.com/YQGp9bYiss— Miftah Ismail (@MiftahIsmail) July 31, 2022