The price of petroleum products has been increased by the federal government on Thursday for the upcoming two weeks, costing the general public nearly Rs15–18 per liter.

Finance Minister Miftah Ismail said that he was “not supposed” to appear on national television to announce an increase in the cost of petroleum products, but that he did so in response to a directive from Prime Minister Shehbaz Sharif.

According to the Finance Division’s formal notice, the government has concluded to partially adopt a petroleum levy and revise the current prices of petroleum products “as agreed with the development partners” due to the price fluctuation of oil on the global market and changes in exchange rates.

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As of today (July 1), the cost of gasoline will be Rs248.74 per liter, diesel will be Rs276.54 per liter, kerosene will cost Rs230.26 per liter, and light diesel oil will cost Rs226.15 per liter.

Starting from July 1, 2022, the new prices will be in effect.

ProductOld pricesNew pricesIncrease
Petrol Rs233.89Rs248.74Rs14.85
Diesel Rs263.31Rs276.54Rs13.23
Kerosene oilRs211.43Rs230.26Rs18.83
Light diesel oilRs207.47Rs226.15Rs18.68
Latest prices