Latest petrol price in Pakistan

[ejaz007]

Latest petrol price in Pakistan
Petrol moves up to Rs145.82 per litre after an increase of Rs8.03

By Web Desk
November 05, 2021

— AFP/File

The government early Friday hiked the price of petrol by Rs8.03 per litre, a day after Prime Minister Imran Khan warned that the rate of petroleum products would witness a rise.

The new price of petrol stands at Rs145.82 per litre after the increase, according to a notification from the finance ministry.

The increase will go into effect on November 5, the notification said.

Similarly, the price of high-speed diesel has gone up by Rs8.14 per litre, and it will now cost Rs142.62 per litre.

The price of light diesel oil has been fixed at Rs114.07 per litre after an increase of Rs5.72, while the rate of kerosene oil has been jacked up by Rs6.27 to Rs116.53 per litre.

“On November 1, 2021, the Prime Minister had not agreed with the proposals worked out by OGRA and Finance Division and directed to maintain the prices as notified on October 16, 2021,” the notification stated.

The government "has absorbed the bulk of pressure after making adjustments in the Sales Tax and Petroleum Levy," it stated further, adding that otherwise, the prices would have been far higher than the present rates.

"Maintaining the 16 October 2021 petroleum prices had some underlying concerns for example cash flow issues due to the short recovery of the cost," said the ministry.

In the previously notified petroleum prices, the government had already provided significant relief to the consumers, according to the notification.

Product	Existing price w.e.f 16-10-2021	New price w.e.f 5-11-2021	Increase
Petrol	Rs137.79	Rs145.82	Rs8.03
Diesel	Rs134.48	Rs142.62	Rs8.14
Kerosene oil	Rs110.26	Rs116.53	Rs6.27
Light diesel oil	Rs108.35	Rs114.07	Rs5.72

In a televised address to the nation on Wednesday, PM Imran Khan said the government would have to jack up the prices of petroleum products in the country.

"What can we do if inflation is being driven because of global factors?" the premier questioned as he cited the examples of oil and gas prices worldwide.

"Yes, we are facing inflation in the country but you should also look at what the government is doing to alleviate the situation," he said, adding that due to factors which are not in the hands of the government, petrol prices will have to be increased further.

"If we do not increase the price of petrol, the deficit will increase," the PM said, adding that global oil prices have risen by 100%, while the price of petrol in India is Rs250 per litre.

Fuel prices hit new high in Pakistan

The government early Friday hiked the price of petrol by Rs8.03 per litre, a day after Prime Minister Imran Khan warned that the rate of petroleum products would witness a rise. The new price of...

www.thenews.com.pk

 

[AZ1]

its bad luck of pakistan that we have river of cheap oil just in front of us in iran but we can not buy it

 

[BRAVO_]

while our neighbors reduced their petrol prices up to 12 rupees, even in international market oil prices came down to lowest in last four weeks yet again price hike in Pakistan on top of it sugar prices has gone to 145 same sugar 3 year back was on 55 rupees thanks Mr. PM for your historical relief package you have nailed yet again and until you are in power we will see this Crucifixion again and again .. sukh to kahir pechlon nay bhe nahi deya laykin iss nay to had he kar de

 

[blueazure]

its bad luck of pakistan that we have river of cheap oil just in front of us in iran but we can not buy it

No


its bad luck that we have a mentally challenged man running the govt

 

[AZ1]

No


its bad luck that we have a mentally challenged man running the govt

No its bad luck that we have nation where 96% dont pay income taxes or do any support to the country rather than looting the country and blame the govt.

while our neighbors reduced their petrol prices up to 12 rupees, even in international market oil prices came down to lowest in last four weeks yet again price hike in Pakistan on top of it sugar prices has gone to 145 same sugar 3 year back was on 55 rupees thanks Mr. PM for your historical relief package you have nailed yet again and until you are in power we will see this Crucifixion again and again .. sukh to kahir pechlon nay bhe nahi deya laykin iss nay to had he kar de

fiker na karo agley next 50 years bhi sakoon nahi milayga jab tak hamara jaza aur saza ka nizam sahi nahi hota.

 

[AZ1]

while our neighbors reduced their petrol prices up to 12 rupees, even in international market oil prices came down to lowest in last four weeks yet again price hike in Pakistan on top of it sugar prices has gone to 145 same sugar 3 year back was on 55 rupees thanks Mr. PM for your historical relief package you have nailed yet again and until you are in power we will see this Crucifixion again and again .. sukh to kahir pechlon nay bhe nahi deya laykin iss nay to had he kar de

yet its 250 rupees if we calculate and their reserves is much higher.

 

[Norwegian]

while our neighbors reduced their petrol prices up to 12 rupees, even in international market oil prices came down to lowest in last four weeks yet again price hike in Pakistan on top of it sugar prices has gone to 145 same sugar 3 year back was on 55 rupees thanks Mr. PM for your historical relief package you have nailed yet again and until you are in power we will see this Crucifixion again and again .. sukh to kahir pechlon nay bhe nahi deya laykin iss nay to had he kar de

It's not govt but courts giving stay orders on govt decisions to help the mafias responsible for inflation

No


its bad luck that we have a mentally challenged man running the govt

Yes it's a bad luck that we have mentally challenged Awam that cannot see beyond its Bughaz Imran

 

[Wood]

while our neighbors reduced their petrol prices up to 12 rupees, even in international market oil prices came down to lowest in last four weeks yet again price hike in Pakistan on top of it sugar prices has gone to 145 same sugar 3 year back was on 55 rupees thanks Mr. PM for your historical relief package you have nailed yet again and until you are in power we will see this Crucifixion again and again .. sukh to kahir pechlon nay bhe nahi deya laykin iss nay to had he kar de

Despite the recent price reduction, the said neighbor continues to pay 100% tax on fuel. You are much better off

 

[El Sidd]

Race to 200..Dollar versus Petrol

Saqadat and Emanat will win. Inshallah

"What can we do if inflation is being driven because of global factors?" the premier questioned as he cited the examples of oil and gas prices worldwide.

Pray

"If we do not increase the price of petrol, the deficit will increase," the PM said, adding that global oil prices have risen by 100%, while the price of petrol in India is Rs250 per litre.

Pray for India

 

[VCheng]

while our neighbors reduced their petrol prices up to 12 rupees, even in international market oil prices came down to lowest in last four weeks yet again price hike in Pakistan on top of it sugar prices has gone to 145 same sugar 3 year back was on 55 rupees thanks Mr. PM for your historical relief package you have nailed yet again and until you are in power we will see this Crucifixion again and again .. sukh to kahir pechlon nay bhe nahi deya laykin iss nay to had he kar de

Global energy prices are rising sharply for all consumers.

For example, here gasoline prices have generally risen from about $2.50 to about $4 per gallon already, and more increases are expected. Natural gas prices for home heating are rising rapidly and consumers are being warned to be ready for the shock. These increases are causing inflation in just about every sector of the economy.

It is a similar story in Europe.

How can Pakistan remain insulated from such global changes? Blaming the government is easy, but this would have happened no matter who was governing in Pakistan. Let us be fair in our criticisms.

 

[TNT]

Prices have decreased in international market so what do the morons have to say now? I wish ppl beat this incompetent imbecile next time he asks for vote.

 

[VCheng]

Prices have decreased in international market so what do the morons have to say now? I wish ppl beat this incompetent imbecile next time he asks for vote.

Eh? This is the price trend data for 2021:

 

[Zibago]

while our neighbors reduced their petrol prices up to 12 rupees, even in international market oil prices came down to lowest in last four weeks yet again price hike in Pakistan on top of it sugar prices has gone to 145 same sugar 3 year back was on 55 rupees thanks Mr. PM for your historical relief package you have nailed yet again and until you are in power we will see this Crucifixion again and again .. sukh to kahir pechlon nay bhe nahi deya laykin iss nay to had he kar de

Its equal to 250 PKR you sure you want that price here?

 

[VCheng]

Its equal to 250 PKR you sure you want that price here?

The real question to ask here is whether the government has resources to not pass on the full effect of rising global prices on to consumers in Pakistan?

 

[RealNapster]

while our neighbors reduced their petrol prices up to 12 rupees, even in international market oil prices came down to lowest in last four weeks yet again price hike in Pakistan on top of it sugar prices has gone to 145 same sugar 3 year back was on 55 rupees thanks Mr. PM for your historical relief package you have nailed yet again and until you are in power we will see this Crucifixion again and again .. sukh to kahir pechlon nay bhe nahi deya laykin iss nay to had he kar de

Sugar is a drug. A drug more addictive than cocaine. I won't mind it even reaching Rs.200 per kg. That way we will atleast see some reduction in its usage.

On other things yes prices have increased exponentioly. But is this due to IK ? His incompetent team ? Or external global factors ?

Well I think some 20% blame is on IK and his mismanagement. The other 80% blame is shared by

1.Covid
2. COVID after effects
3. Sudden surge of fuel demand from China which increased prices of fuel (Gas, petrol, Coal). If you remember, India faced same situation previous days where some 10 states were on brink of total darkness due to coal prices hike.
4. Global inflation. (even Europe is facing same.situations. I am sure you consider them competent).