Prices of all POL products increased to wish New Year

Prices of all POL products increased to wish New Year

ISLAMABAD: The government on Friday increased prices of all petroleum products to wish the nation the New Year 2022.

The prices have been increased across the board around Rs4 per liter on all the products.

READ MORE: Petrol price reduces to Rs140.82 per liter

The prices have been implemented at 00:00 hours of January 01, 2022 for next fortnight.

According to a notification issued by the finance division the new price of petrol has been increased by Rs4 to Rs144.82 per liter from Rs140.82.

The rate of high speed diesel (HSD) has been increased by Rs4 to Rs141.62 per liter from Rs137.62.

READ MORE: SBP revises manual on remittances for petroleum sector

Similarly, the price of kerosene has been increased by Rs3.95 to Rs113.53 per liter from Rs109.53.

Likewise, the price of light diesel oil has been increased by Rs4.15 to Rs111.06 per liter from Rs107.06.

The notification stated that in the fortnightly review of petroleum products prices, the prime minister had rejected the proposal of Oil and Gas Regulatory Authority (OGRA) for increase in prices of petroleum products and advised to increase only Rs4 per liter to meet the petroleum levy target agreed with the International Monetary Fund (IMF).

“Sales tax on petrol and diesel has been adjusted downwards as compared to December 16, 2021 to keep the prices lower,” the notification stated.

READ MORE: FBR notifies increase in sales tax on petrol, HSD