Karachi, June 2, 2023 – Petroleum prices in Pakistan have experienced a significant increase of 45% on a year-on-year basis, contributing to a rise in inflation, according to official statistics released on Friday by the Pakistan Bureau of Statistics (PBS).
In a recent development, Pakistan has released the updated petroleum prices, which will be applicable from June 2, 2023, until June 15, 2023. The revised prices are as follows: Petrol at Rs262 per liter, High-Speed Diesel at Rs253 per liter, Kerosene at Rs164.07 per liter, and Light Diesel Oil at Rs147.68 per liter.
Pakistan has announced a significant reduction in petroleum prices for the first half of June 2023. The decision was made by Finance Minister Muhammad Ishaq Dar and will come into effect on June 1 and remain in place until June 15.
Pakistan is poised to announce a significant reduction in petroleum prices for the first fortnight of June 2023. This anticipated decline is in response to the imminent arrival of Russian oil, which holds the promise of substantial cost savings compared to prevailing international market prices.
Pakistan is set to make a significant announcement regarding new petroleum prices on May 31, 2023. These prices will be applicable for the first half of June 2023. The decision to unveil the prices comes in light of the imminent arrival of Russian oil, which holds the promise of offering substantial cost savings compared to […]
Pakistan has announced the latest petroleum prices effective from May 25, 2023, providing temporary relief to the public struggling with escalating fuel costs. These prices will remain in effect until the end of the current month, following a government announcement made on May 15, 2023.
According to analysts at JS Global, Pakistan’s headline inflation based on the Consumer Price Index (CPI) is expected to reach a new peak in May 2023, despite a reduction in petroleum prices during the month.
Today’s petroleum prices in Pakistan as of May 22, 2023, will provide temporary relief to the general public grappling with increasing fuel costs.
Pakistan has provided a comprehensive report detailing the increase in petroleum prices over the past year, resulting in inflationary pressure on the general population.
The government of Pakistan has announced the fixation of petroleum prices, which will remain applicable until May 31, 2023.