islamabad28 minutes ago
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People filling fuel at a petrol station in Pakistan.
The Pakistani government has increased the price of petrol by Rs 4.93 per liter and high-speed diesel (HSD) by Rs 7.15 per liter. The new rates have come into effect from July 22.
After this change in prices, now the new price of petrol in the market has become Rs 320.73 per liter and the price of high-speed diesel has become Rs 367.21 per liter.
Petrol-diesel prices in India and Pakistan
| fuel | India | Pakistan |
| petrol | ₹102.12 | Rs 367.21 (₹127.33) |
| diesel | ₹95.20 | Rs 320.73 (₹111.21) |
Note: ₹- Indian Rupee, value of Indian Rupee in Pakistan is equal to 2.88 Pakistani Rupee.
Current rates are lower than April’s record high
Current fuel prices are still well below their all-time high made in April this year:
- diesel: After the start of the US-Iran war on February 28, diesel started rising from Rs 281 a liter and on April 3 it reached a record level of Rs 520.35.
- petrol: Petrol was priced at Rs 266 per liter in the first week of March, which jumped to its highest level of Rs 458.41 per liter on April 3.
Now petrol diesel prices are being decided daily instead of weekly.
In view of the sharp fluctuations in crude prices in the international market, the government has made a major policy change. Petroleum Minister Ali Pervez Malik has announced that now fuel rates in the country will be decided on daily basis instead of weekly.
Dealers Association opposed the decision
All Pakistan Dealers Association has strongly opposed the government’s decision to fix daily rates. The association has completely rejected this arrangement and said that they can protest against this decision this week.
Middle class and transport sector will be most affected
Changes in petrol prices have a direct impact on the middle and lower-middle class of the country, because it is mainly used in private vehicles, small cars, auto rickshaws and two-wheelers. At the same time, due to diesel becoming expensive, there is a danger of inflation increasing in the entire country, because it is used in heavy commercial vehicles (trucks-buses), power plants and big generators.
In Pakistan, there is huge sale of about 7 to 8 lakh tonnes of petrol and diesel every month, whereas the monthly demand of kerosene (kerosene) is only 10 thousand tonnes. This is the reason why petrol and diesel remain the biggest source of revenue generation for the government.
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