News

2 AM Surprise: Govt Increases Price of Petrol Once Again

•
5 min read
•
Legal Editorial Desk
2 AM Surprise: Govt Increases Price of Petrol Once Again
In a surprise move, the government late at night announced an increase in the price of petrol despite a decrease in oil prices in the international market. According to an official statement released by the Ministry of Finance, the price of petrol (MS) has been increased by Rs. 1.45 per liter. The new price of petrol will be Rs. 237.43. The statement read, “In the wake of fluctuating global oil prices and exchange rate variation, the government has decided to revise the prices of petroleum products. The new prices will be effective from 21st September 2022 (Today).” The price of high-speed diesel has been kept unchanged at Rs. 247.43. However, the price of kerosene has been decreased by Rs. 8.30 per liter to Rs. 202.02, while the price of light diesel oil has also been decreased by Rs. 4.26 per liter to Rs. 197.28.
Share:

Editorial & Legal Practice Group

Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

Advocates High Court & Tax Counsel Jurisdiction: Pakistan

Need Expert
Legal Counsel?

Free Session
Initial Consultation
100% Secure
Private & Confidential

Request a Callback

Enter your WhatsApp number and our legal team will connect with you shortly.

Typical response: Prompt response during chamber hours