ISLAMABAD – The caretaker government announced an increase in petrol and diesel prices to meet fiscal objectives laid down in a deal with the global lender.
Petrol price has been raised by Rs17.50 to 290.45 per litre and diesel by Rs20 rupees to 293.40 rupees per litre, an increase which will further add to the woes of people.
Petrol Prices in Pakistan August 2023
| POLs | New Price(s) |
| Petrol | Rs290.45 |
| High-Speed Diesel (HSD) | Rs293.40 |
Global hike in oil prices
Pakistan has committed to a petroleum levy, alongside a number of stern measures, including increasing extra revenues, and increasing energy prices, which has already fuelled inflation.
IMF took a role in responding to the emerging pattern of financial dynamics., and has forced the government to raise its petroleum product prices.
