Lahore: The Government of Pakistan (GOP) announced on Friday that it will raise gasoline prices by 4 rupees on New Year’s Eve in 2022.
According to the Ministry of Finance, the price of gasoline is 144.82 rupees per liter.
On the other hand, the price of diesel has also been raised by Rs4 after which it will be sold at the rate of Rs141.62 per litre.
As per the issued notification the price of High Speed Diesel was raised by Rs4 and will now be sold at Rs141.62 per litre while the rate of light diesel oil will go up to Rs111.06 per litre from Rs107.06 per litre. Similarly, the price of kerosene will go up from Rs109.53 to Rs113.53 per litre.
The rate of light diesel oil will go up to Rs111.06 per litre from Rs107.06 per litre. Similarly, the price of kerosene will go up from Rs109.53 to Rs113.53 per litre.
According to the notice, the interest rate hike will begin on January 1. According to detailed information, PM has given the greatest reduction or exemption to the IMF’s levied price, while OGRA recommends to increase the price.
Earlier today, Minister for Information and Broadcasting Chaudhry Fawad Hussain had said that after the launch of health card, the government had given a new year gift to the people by reducing the price of Liquefied Petroleum Gas (LPG) by up to Rs6 per kg.
In a tweet, he said this would directly benefit 72 per cent of the country’s population who were deprived of piped gas.
The Minister said that energy and food prices are expected to drop sharply by 2022.