On New Year’s Eve, the government increases the prices of petroleum products

On the eve of the new year, the federal government announced yet another hike in the prices of petroleum products.

According to a notification issued by the Finance Division on Friday, the price of petrol and high-speed diesel(HSD) will rise by Rs4 per litre for the first 15 days of January 2022.

The new prices would come into effect from January 1.

The increase has been announced to meet the petroleum levy target agreed with the International Monetary Fund (IMF).

As per the notification, the price of kerosene has been increased by Rs3.95, and light diesel oil (LDO) by Rs4.15 per litre.

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