According to a statement from the Finance Division, the Pakistani government on Sunday announced a reduction in the price of petrol of Rs 3.05 per litre for the first half of August 2022.
Fuel will now be available for Rs 227.19 per litre as a result of the pricing revisions. Previously, the price of petrol in the nation per litre was Rs 230.34.
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However, the price of the High-speed diesel is increased and now costs Rs 8.95 more per litre, for a total of Rs 244.95 a litre.
| Product | Current price | New price w.e.f Aug 1 | Change |
| MS (Petrol) | 230.24 | 227.19 | -3.05 |
| High-Speed Diesel (HSD) | 236.00 | 244.95 | +8.95 |
| Kerosene | 196.45 | 201.07 | +4.62 |
| Light Diesel Oil | 191.44 | 191.32 | -0.12 |
Kerosene oil, on the other hand, would now cost Rs 201.07 per litre after a rise of Rs 4.62 from the previous price of Rs 196.45 per litre.
After recording a small decrease of Rs 0.12, light diesel oil will now be sold for Rs 191.32 per litre as opposed to the previous price of Rs 191.44 per litre.
The notification states that the modifications to petrol price were made in response to a drop in the price of petroleum products on the international market.
According to the statement, “The government has chosen to adjust the existing pricing of petroleum products to reflect on the impact to the consumers due to the fluctuation in petroleum prices in the international market and exchange rate changes.”
It further stated that the new prices will take effect on August 1, 2022, and would last through August 15.
On July 14, Prime Minister Shehbaz Sharif had announced a reduction of Rs 18 to Rs 40 per litre in the prices of various products as international prices went down. This was the first time the PMLN-led coalition government reduced petroleum prices after it came to power in the second week of April.
