Pakistan-Petrol and diesel price hike hits all-time high

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ISLAMABAD – The Pakistani government has increased the price of petroleum products again, in order to meet preconditions of the International Monetary Fund (IMF) for unlocking a critical loan tranche of $1 billion.

The announcement came hours after unveiling a tax-loaded ‘mini-budget’. The government has increased the price of petrol by Rs22.20 per litre, taking it to Rs272/litre. The price of high-speed diesel has been increased by Rs17.20 per litre, putting it to Rs280/litre.

Kerosene oil will now be available at Rs202.73 per litre following a Rs12.90 hike. Meanwhile, light diesel oil will be available at Rs196.68 per litre after an increase of Rs9.68.

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