Finance Minister Ishaq Dar announced Sunday that the price of petroleum products in the country would remain unchanged for the next fortnight — till January 31.

In his video address, the finance minister said the prices will remain the same from January 16-31 — a move that might invite criticism from the International Monetary Fund (IMF).

Commodity Existing prices w.e.f 16.01.2023New prices w.e.f 31.1.2023Increase/Decrease (in rupees)
PetrolRs214.80Rs214.800
DieselRs227.80Rs227.800
Kerosene OilRs171.83Rs171.830
Light Diesel OilRs169Rs1690

It should be noted that in the second quarter (October- December) of the fiscal year 2022-23, the prices cumulatively declined by:

  • Rs22.63 per litre in petrol price
  • Rs19.63 per litre in the price of high-speed diesel
  • Rs28.28 per litre in the price of light diesel oil
  • Rs30.19 per litre in the price of kerosene oil

The government last slashed prices of petroleum products by up to Rs10 per litre on December 15.

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