Finance Minister Ishaq Dar announced that the price of petrol and diesel will increase by Rs35, with the new prices going into effect on 11pm on Sunday.
The price of petrol will rise from 214.80 to Rs249.80. The price of diesel will change from Rs 227.80 be Rs262.80.
The prices of kerosene and light diesel will increase by Rs18.
Govt announced new prices of Petroleum Products with effect from 11.00 hrs, 29 Jan ,2023.
High Speed Diesel-Rs 262.80 per litre
MS Petrol —Rs 249.80 per litre
Kerosene Oil -Rs 189.83 per litre
Light Diesel Oil – Rs 187 per litre
— Ministry of Finance (@FinMinistryPak) January 29, 2023
The increase comes after reports of petrol shortage in many parts of the country on Sunday morning. Prices normall go into effect at midnight after a few hours notice but the latest increase came into effect on midday with the minister’s announcement.