Pakistan keeps prices of petrol, HSD unchanged till December 15, 2022

Pakistan keeps prices of petrol, HSD unchanged till December 15, 2022

ISLAMABAD: Pakistan on Wednesday kept the prices of petrol and high speed diesel (HSD) for next fortnight starting December 01, 2022.

However, the prices of kerosene oil and light speed diesel (LDO) reduced by Rs10 per liter and Rs7.5 per liter, respectively.

READ MORE: Pakistan to decide petroleum prices effective from December 01, 2022

Finance Minister Ishaq Dar in a press conference announced the revision in petroleum prices for the period December 01 to 15, 2022.

Previously, on September 30, 2022 the government made changes in petroleum prices.

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The new prices of petroleum products for next fortnight will be as follow:

The prices of petrol and HSD shall be Rs224.80 per liter and Rs235 per liter, respectively.

However, the rate of kerosene shall be reduced by Rs10 to Rs181.83 per liter from Rs191.83. Similarly, the price of LDO shall be reduced by Rs7.50 to Rs179 per liter from Rs186.50.

READ MORE: Petroleum prices in Pakistan for next fortnight effective from November 16, 2022

The benchmark Brent crude oil ended at $83.19 a barrel on November 28, 2022, having slumped more than 3 per cent to $80.61 earlier in the session for its lowest since January 4, 2022.

The Brent crude has hit above $120 per barrel during mid-June this year and now fell to the present level leaving ample room to the present government to revise downward the prices to provide relief the domestic consumers.

READ MORE: Petroleum prices in Pakistan effective from November 01, 2022