Pakistan

Petrol to value Rs103.97 in August

The authorities on Friday mentioned it’s growing the costs of petroleum merchandise for the month of August on account of a “rising oil prices trend in the global market”.

According to a notification by the Finance Division, petrol will now value Rs3.86 extra per litre at Rs103.97, whereas High Speed Diesel (HSD) will value Rs5 dearer, at 106.46.

Kerosene will now value Rs65.29 after a rise of Rs5.97 and Light Diesel Oil (LDO) will probably be priced Rs6.62 larger at Rs62.86.

The new charges will come into impact at midnight on July 31.

The Petroleum Ministry had advisable a rise in costs by as much as Rs9.5/litre for August.

In a abstract despatched to the Finance Ministry, the Petroleum Ministry had proposed a rise of Rs7 per litre for petrol, Rs9.5 for HSD, Rs6.21 for LDO and Rs6 enhance for kerosene.

Last month, the federal government had jacked up costs by 66% with petrol costs growing by Rs25.58/litre, diesel Rs21.31/litre, kerosene by Rs23.50/litre and LDO by Rs17.84/litre.

The authorities is at the moment charging Rs30 per litre petroleum levy (PL) on petrol and diesel, Rs6/litre on kerosene and Rs3/litre on LDO. It can be charging a 17% basic gross sales tax (GST) on all petroleum merchandise.

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