Petrol-And-Diesel-Prices-Revised-Today

Petrol And Diesel Prices Cut By PKR 6.17 & 10.87 Respectively

Today, PM Shehbaz has announced petrol and diesel prices cut by Rs. 6.17 and 10.87 respectively. So the new prices along with details are as:

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Petrol And Diesel Prices Official Notification

Petrol-And-Diesel-New-Price-Notification

OGRA has calculated and proposed new consumer prices for petroleum products, which have been reviewed with the Ministry of Energy (Petroleum Division). The following recommendation is submitted for the Prime Minister’s consideration:

ProductExisting Prices (16.07.2024)Proposed Prices (01.08.2024)Increase / Decrease
High Speed Diesel (HSD)Rs. 283.63 / literRs. 272.77 / liter– Rs. 10.86
MS (Petrol)Rs. 275.60 / literRs. 269.43 / liter– Rs. 6.17
Kerosene (SKO)Rs. 183.71 / literRs. 177.39 / liter– Rs. 6.32
Light Diesel OilRs. 166.25 / literRs. 160.53 / liter– Rs. 5.72
Table: New consumer prices for petroleum products

Taxes and Levies

The following taxes and levies are applicable:

ProductPetroleum Levy (PL)Sales Tax (ST) %
High Speed Diesel (HSD)Rs. 60.000.00
MS (Petrol)Rs. 60.000.05
Kerosene (SKO)Rs. 0.000.00
Light Diesel OilRs. 0.000.00
Table: Taxes and Levies for petroleum products

Approval

Approval from the Honorable Prime Minister is sought for the proposed price adjustments mentioned above.

Authorization

The Minister for Finance and Revenue has reviewed and authorized the submission of this summary to the Prime Minister.

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