These are today’s petroleum prices in Pakistan as of April 23, 2023, which will remain applicable till April 30, 2023, if not changed earlier:
| Product | existing price |
| 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 |
These rates will remain applicable until April 30, 2023, unless changed earlier. The government announced these prices on April 15, 2023, for the fortnight ending April 30, 2023.
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The recent increase in petroleum prices in Pakistan has sparked outrage, particularly among the poor masses who are already struggling to make ends meet due to the ongoing economic crisis. The government attributed the increase in prices to the international market’s fluctuating petroleum prices and exchange rate variation, which affects domestic prices since Pakistan is a net importer of petroleum products.
The timing of the price hike just ahead of Eid-ul-Fitr, a Muslim festival celebrated worldwide, has caused concern among people. This festival is an important occasion for Muslims to celebrate with their families and loved ones, and the increased prices will make it difficult for them to travel and buy essential commodities during the festive season.
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The government’s decision to increase prices of fuels that directly impact the poor masses has been criticized from various quarters. However, the government has assured that it is working on a scheme to provide subsidized rates of petroleum products to lower-income groups.
The Minister of State for Petroleum, Musadik Malik, recently stated that various 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.
READ MORE: Business community condemns increase in petroleum prices ahead of Eid in Pakistan
Moreover, the government is working 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.
In conclusion, the recent increase in petrol prices in Pakistan has caused concern among the people, particularly the poor masses. While the government is working 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.
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