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Petroleum Products’ prices raised

ISLAMABAD: Federal Government has increased the prices of petroleum products yet again and the new prices came  into effect from midnight (3rd of June, 2022). 

Announcing the price hike on Friday (2nd of June, 2022), Finance Minister Miftah Ismail maintained that the govt was still providing subsidy of Rs. 9/-per liter of petrol.

The new prices after the augmentation are:

Petrol: Rs. 209.89 per liter;

Diesel: Rs. 204.15 per liter;

Light Diesel: Rs. 178.31 per liter;

Kerosene Oil: Rs. 181.94 per liter.

Miftah claimed that now he would be able to persuade IMF to release the next tranche in the third week of June, 2022.

Govt takes inevitable decision: Miftah

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.