Petroleum prices likely to remain unchanged for January
Business
Petroleum prices likely to remain unchanged for January
ISLAMABAD (Dunya News) – The federal government is likely to keep the petroleum prices for first fortnight of January 2023 unchanged despite downward trend in the international market as Pakistan’s foreign exchange reserves are drying out.
Sources said levy on diesel could be increased to maintain the existing prices as the government scrambles to revive the International Monetary Funds (IMF) loan programme to pull the country out of the economic quagmire.
Federal Minister Ishaq Dar will announce the decision on petrol prices on Saturday night after consultation with Prime Minister Shehbaz Sharif.
The existing petrol price is Rs214.80 per litre and it includes Rs50 levy and Rs14 margin and other taxes. The ex-refinery price of diesel is Rs187 per litre and the government is receiving Rs30 in levy and Rs10 in other taxes, making its current price as Rs227.80 per litre.
