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PTI govt drops petrol bomb on plenty

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  • The brand new petrol worth could be Rs137.79 per litre.
  • Excessive-speed diesel will probably be offered at 134.48  per litre.
  • Kersoene oil will now be out there at Rs110.26 per litre.

ISLAMABAD: The PTI authorities has introduced a large worth hike in petroleum merchandise growing the per litre price of petrol by Rs10.49 and high-speed diesel by Rs12.44 for the subsequent fortnight.

The notification issued by the Ministry of Finance announcing the increase in POL prices.
The notification issued by the Ministry of Finance saying the rise in POL costs.

The rise in POL merchandise was notified a day after the federal government hiked energy tariff by Rs1.39 which might come into impact from subsequent month. 

In line with a notification issued by the Ministry of Finance, the worth of kerosene oil has been elevated by Rs10.95 whereas mild velocity diesel has received costlier by Rs8.84.

“At present, oil prices have risen around $85 a barrel (Global Benchmark Brent) highest since October 2018,” learn the finance ministry notification.

It added that whole vitality chain costs have witnessed a powerful surge up to now couple of months attributable to larger demand for vitality spots and provide bottlenecks.

Within the present situation, the ministry stated, the federal government has absorbed the strain and offered most aid to the customers by maintaining Petroleum Levy and Gross sales Tax to a minimal. Due to this fact, costs labored out by OGRA have been accredited.

The brand new costs of petroleum merchandise will probably be efficient from October 16 (right this moment).

Product Present costs w.e.f 01-10-2021 New costs w.e.f 16-10-2021 Improve/(-) Lower
MS (Petrol) 127.30 137.79 +10.49
Excessive-Pace Diesel (HSD) 122.04 134.48 +12.44
Kerosene (SKO) 99.31 110.26 +10.95
Mild-diesel Oil 99.51 108.35 +8.84

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