Petrol price to remain unchanged at Rs214.80 per litre for next fortnight

Finance Minister Ishaq Dar announced on Saturday that the government will maintain the price of petroleum products for the next two weeks.

In a video statement, he said that the Oil and Gas Regulatory Authority (OGRA) requested an increase in domestic rates of petroleum products because of the upward trend in oil prices. However, he said that the price revision was rejected by the government.

The price of petrol will remain unchanged at Rs214.8 per litre while diesel will be sold at Rs227.80 per litre till mid-January 2023.

Kerosene oil will be sold at Rs171.83 per litre while light diesel oil will be sold at Rs169 per litre.

“Kerosene is used by the low-income segment for heating needs,” the finance minister said.

Previously, the market anticipated that the cost of petroleum products would remain unchanged.