Ishaq Dar announces Rs35 per litre increase in petrol, diesel prices.

Finance Minister Ishaq Dar on Sunday announced an increase of up to Rs35 in petroleum prices with an immediate effect as Pakistan is scrambling to meet the conditions of the International Monetary Fund (IMF) for revival of much-needed loan programme stalled since September last.

Since Saturday night, people have been thronging to the petrol pumps for panic buying after reports surfaced about government s plan to hike in petroleum prices.

The prices of the petrol and diesel had been jacked up by Rs35 per litre each, taking the new prices to Rs249.82 and Rs262.80 respectively, he said.

The price of kerosene oil surged to Rs189.93 per litre after an increase of Rs18 while the light speed diesel also witnessed as much increase with new price reaching to Rs187 per litre.

Govt announced new prices of Petroleum Products with effect from 11.00 hrs, 29 Jan ,2023.

High Speed Diesel-Rs 262.80 per litre

Finance Minister Ishaq Dar on Sunday announced an increase of up to Rs35 in petroleum prices with an immediate effect as Pakistan is scrambling to meet the conditions of the International...