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Tuesday, September 21, 2021

Value of petrol in Pakistan raised by Rs1.71 per litre beginning August 1

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— Reuters/File
— Reuters/File

The federal government has raised the worth of petrol by Rs1.71 per litre, the premier’s aide on political communication, Shahbaz Gill, mentioned on Friday.

In line with Gill, the choice was made as per the advice of Oil and Gasoline Regulatory Authority (OGRA). Petrol will consequently price Rs119.80 per litre, beginning August 1.

He mentioned that it was determined that the speed of excessive velocity diesel be stored fixed, as a hike on this commodity impacts the “common man and farmers more”. Thus, diesel will proceed to be priced at Rs117.53 per litre.

Equally, no change has been made to the worth of sunshine diesel oil.

In the meantime, Kerosene, beginning August 1, will price Rs0.35 dearer, at Rs85.75 per litre.

It was rumoured that OGRA has really helpful a Rs1.71 per litre improve within the worth of petrol and a Rs2.27 per litre improve within the worth of diesel.

It was additionally rumoured that it really helpful a Rs0.35 per litre hike within the worth of kerosene and a Rs0.24 increase within the worth of sunshine diesel oil.

‘Pakistan has solely witnessed 11% rise in petrol costs’

Gill mentioned that based on the worldwide market charges on July 26, there are solely 27 international locations on the planet which have petrol priced decrease than the speed in Pakistan, whereas the commodity is priced larger than Pakistan in 140 international locations.

He mentioned that the typical worth of petrol on the planet is $1.17 per litre, whereas in Pakistan, it quantities to $0.72 per litre.

The premier’s aide mentioned that petrol costs have witnessed a 47% rise on the planet, whereas the rise in Pakistan has solely amounted to 11%.

He requested the nation to “bear in mind” that almost all of the 27 international locations which have petrol priced decrease than the speed in Pakistan are “self sufficient in petroleum products”.

“At this time, the government is collecting a nearly zero percent tax on petroleum products,” Gill mentioned, including: “Right now, the whole world is in the grip of inflation due to corona.”

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