KARACHI: After a delay of six days, the government finally notified the revised prices of petroleum products in the early hours of Wednesday, raising the petrol price by Rs1.45.

As per the standard procedure, the notification for revised prices is issued around midnight.

However, this time, the notification by the Finance Division came two hours late, around 2am.

According to the notification, the price of petrol has been increased from Rs235.98 to Rs237.43.

The price of High Speed Diesel (HSD) has been kept unchanged at Rs247.43. Meanwhile, the price of kerosene has been slashed by Rs8.30 from Rs210.32 to Rs202.02.

The price of light diesel oil has been reduced by Rs 4.26 from Rs201.54 to Rs197.28.

Since Sept 15, when the prices were supposed to be revised, the coalition government led by the PML-N remained indecisive over the change.

Based on the Oil and Gas Regulatory Authority’s calculations, the per-litre price of diesel was to be increased by around Rs2 and that of petrol to be reduced by Rs7.

The delay triggered rumours that the government was facilitating petroleum dealers to sell their existing inventories bought at higher rates during the last fortnight.

Published in Dawn, September 21st, 2022

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Spy games
Updated 02 Oct, 2022

Spy games

The audios leaked so far appear to have been carefully curated: they apply pressure but do not do major damage.
‘Geopolitical football’
02 Oct, 2022

‘Geopolitical football’

THE US-China rivalry is by all measures one of the globe’s most dangerous competitions for power and influence. ...
Fuel price reduction
02 Oct, 2022

Fuel price reduction

ISHAQ Dar is back; so are his signature policies. The reduction of a little over 5pc in fuel prices announced by him...
Untruths and politics
Updated 01 Oct, 2022

Untruths and politics

It would arguably be in the national interest for the Supreme Court to take up the cipher and settle the matter.
Farmers’ protest
01 Oct, 2022

Farmers’ protest

SEVERAL hundred farmers have converged on Islamabad for the last three days to protest against the soaring costs of...
Dasht-i-Barchi bombing
01 Oct, 2022

Dasht-i-Barchi bombing

ON Friday morning, Kabul’s Dasht-i-Barchi neighbourhood was rocked by a terrorist attack targeting an educational...