Islamabad: The federal government is set to decide the price of petrol and high-speed diesel, among other petroleum products today, for the next fifteen days.
On December 1, Finance Minister Ishaq Dar kept the price of petrol and HSD unchanged at Rs224.80 and Rs235.30 per liter, respectively.
However, the government slashed the prices of kerosene oil and light diesel oil by Rs10 per liter and Rs7.5 per liter, respectively.
The current per liter price of petrol is Rs224.80, HSD Rs235.30, LDO Rs179, and kerosene Rs181.83.
It is pertinent to mention here that the price of petrol and HSD diesel has been kept unchanged since September 30 when the government had last slashed the price of petrol by Rs12.63 per litre.
Since then, the government of Pakistan has been unable to pass on relief to the masses in the form of price reductions due to the deal with the IMF.
Per the IMF agreement, Pakistan has to collect Rs50 petroleum levy on fuel prices. Currently, the government is charging an Rs50 petroleum levy on petrol and Rs25 on diesel. Based on the agreement with the IMF, Pakistan must jack up the levy on diesel to collect the additional revenue.
