The government has announced a massive hike of almost Rs18 in the price of petrol and Rs20 in that of high speed diesel, taking them to Rs290.45 and Rs293.40 per litre, respectively.
The announcement came at midnight on Tuesday and a fortnight after the Shehbaz-Sharif-led previous government increased the prices of the two products by Rs20.
The new prices were notified by the Finance Division, which said petroleum prices in the international market had increased during the last fortnight.
As a result, the consumer prices in Pakistan were also being revised, it added.
According to the Finance Division notification, the new prices will become effective from August 16 (Wednesday).
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Govt hikes petrol, diesel prices by up to Rs20
Reviewed by APK Badsha
on
August 15, 2023
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