According to a statement issued by the Finance Division of the Government of Pakistan on Thursday night, due to fluctuations in global oil prices and changes in the exchange rate, the government has decided to partially levy on petroleum products. What is it.
The price of petrol has been increased by Rs 14.85 per liter, after which the new price has gone up to Rs 248.74 per liter.
The price of high speed diesel has gone up by Rs 13.23 to Rs 276.54 per liter.
The price of kerosene has increased by Rs 18.83. The new price is 230 rupees 26 paise.
The price of light diesel oil has also been increased by Rs 18.68 paise, after which the new price is Rs 226.15 paise.
Prices will apply from July 1.
It should be noted that the National Assembly of Pakistan had approved the Finance Bill 23-2022 by a majority vote yesterday. According to which, a levy of Rs 50 per liter has been imposed on petroleum products. However, Finance Minister Muftah Ismail said that at present the levy is zero, a levy of Rs 50 will not be levied.
On the other hand, the Ministry of Energy has requested a detailed review and suggestions regarding the import of crude oil from oil refineries for Russian oil imports and its efficiency in refining it.
The Ministry of Energy has written letters to the four oil refineries in the country, Pak Arab Refinery Limited, National Refinery Limited, Pakistan Refinery Limited and Baiko Petroleum Limited. The letter called on all refineries to make suggestions on Russian oil imports.