The caretaker government of Prime Minister Anwaarul Haq Kakar has reduced the prices of petrol and high-speed diesel (HSD) in Pakistan. This is the first time they have done so since coming to power. The price of petrol has been reduced by Rs8 per litre, while the price of HSD has been reduced by Rs11 per litre. These lower prices will be in effect for the next two weeks, until October 15th. It is worth noting that the prices of petrol and HSD have been increased by Rs59 and Rs56 per litre, respectively, since August 15th.
However, the government has increased the price of liquefied petroleum gas (LPG) by about 9%. This means that the cost of a 11.8-kg domestic cylinder of LPG has increased by Rs246.15 for the month of October. This increase comes on top of a 20% jump in LPG prices last month.
The government made the announcement for the price changes just before midnight, after receiving clearance from the caretaker prime minister. The decision was made based on international variations in petroleum prices and improvements in the exchange rate. The ex-depot prices of petrol and HSD have been adjusted, but the retail prices at the pump will still be higher than the revised ex-depot prices.
Additionally, the Oil & Gas Regulatory Authority (Ogra) has set the price of LPG at Rs261 per kg for October, up from Rs240 in September.
This article was published in Dawn on October 1st, 2023.
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