The government of Pakistan has announced the latest petroleum prices as of April 25, 2023. These prices will be valid until April 30, 2023, unless changed earlier.
The current rates for petroleum products are as follows:
MS (Petrol) – Rs282 per liter
High Speed Diesel Oil (HSD) – Rs293 per liter
Kerosene (SKO) – Rs186.07 per liter
Light Diesel Oil (LDO) – Rs174.68 per liter
READ MORE: Latest petroleum prices in Pakistan effective April 24, 2023
The government has attributed the increase in prices to the fluctuating global market prices of petroleum and exchange rate variation. Pakistan is a net importer of petroleum products, and any changes in global market prices directly affect the domestic prices.
However, the recent price hike has caused concern among the poor masses, who are already struggling to make ends meet due to the ongoing economic crisis. The timing of the price increase, just ahead of the Muslim festival Eid-ul-Fitr, has added to their difficulties. This festival is an important occasion for Muslims to celebrate with their families and loved ones. The increased prices will make it difficult for them to travel and buy essential commodities during the festive season.
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To address this issue, the government is working on a scheme to provide subsidized rates of petroleum products to lower-income groups. Several suggestions are under consideration, including using the Benazir Income Support Program (BISP) network, issuing specific subsidy cards, or generating a one-time password (OTP) for eligible citizens’ ease.
Furthermore, the government is taking measures to ensure sufficient supply of petroleum, discourage black marketing, and hoarding of fuel. Consumers are advised to prepare for a possible increase in petroleum prices in the second half of April 2023.
READ MORE: Pakistan petroleum prices may increase further with expected tax exemption withdrawal
In conclusion, the latest increase in petrol prices in Pakistan has caused concern among the people, especially the poor masses. While the government is taking steps to provide subsidized rates of petroleum products to lower-income groups, consumers are advised to prepare for a possible increase in prices. The government is also taking measures to ensure sufficient supply of petroleum, discourage black marketing, and hoarding of fuel.
