Chitral Times Report
ISLAMABAD: In order to provide maximum relief to the consumers, the government has maintained the practice of keeping the prices of petroleum products at an affordable level. OGRA has been recommending substantial increase in the prices of Petroleum products since 1st May 2021, corresponding to the increase in prices of the petroleum products in the International markets.
However, keeping in view the welfare of the general public, the government has absorbed the impact of the increase by making adjustments in sales tax and petroleum levy. Currently, the petroleum levy rates are at the lowest of last six years.
During the financial year 2020-21, the government has provided Rs. 252.41 billion subsidy to the consumers by keeping low the petroleum levy rates against the budgeted Rs. 30/liter on all products. It is also worth mentioning that as compared to our regional neighbours, Government of Pakistan is providing Petrol and Diesel at the lowest level rates.
On 28th June 2021, following were the prices of petroleum products in other countries of the region:
The following will be the new prices of petroleum products w.e.f 1st July 2021:
(Rs/Liter) Product Existing Prices w.e.f 16-06-2021 New Prices w.e.f. 01-07-2021 Increase (+) / Decrease (-)
MS (Petrol) 110.69 112.69 +2.00
High Speed Diesel (HSD) 112.55 113.99 +1.44
Kerosene (SKO) 81.89 85.75 +3.86
Light Diesel Oil 79.68 83.40 +3.72
