he federal government has increased the price of petrol and diesel by Rs35, Finance Minister Ishaq Dar announced Sunday.
Following the devaluation of the rupee against the dollar, Finance Minister Ishaq Dar Sunday announced that the price of petrol and diesel will go up by Rs35 from today.
In a televised address, Dar also announced that the prices of kerosene oil and light diesel oil have been increased by Rs18.
The increase comes after the rupee hit a historic low against the dollar following the removal of the unofficial cap on the greenback.
Following the devaluation of the local currency, there was widespread speculation that the government may increase the prices by over Rs80.
Amid such rumours, people started rushing to petrol stations with the Oil & Gas Regulatory Authority (OGRA) advising people to stop spreading misleading and incorrect information.
Commodity Existing prices
w.e.f
16.01.2023 New prices
w.e.f
29.1.2023 (11am) Increase/Decrease (in rupees)
Petrol
Rs214.80 Rs249.80
+35
Diesel
Rs227.80
Rs262.80
+35
Kerosene oil
Rs171.83 Rs189.83
+18
Light diesel oil
Rs169
Rs187
+18
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