Ishaq Dar, the finance minister, declared on Sunday that the price of petrol will stay at Rs282 per litre for the upcoming two weeks while the price of high-speed diesel was decreased by Rs5 per litre to Rs288.
The price of light diesel and kerosene would be decreased by Rs10 to Rs164.68 and 176.07 per litre, respectively, the finance minister stated in a video speech today.
Dar said that, following the Oil and Gas Regulatory Authority's proposal, the finance ministry had done all possible to resolve the issue of price adjustments in the country's favour. He said that following "many rounds" of deliberation, the final price modifications were decided.
Dar has already announced a hike in petrol prices of Rs. 10 per litre on 15 April. Diesel and light diesel oil stayed at their previous rates of Rs 293 and Rs 174.68, respectively, but kerosene saw a rise of Rs 5.78 to Rs 186.07.
Between April 1 and 15, the nation used almost 20,000 tonnes of fuel everyday and 15,500 tonnes of high-speed diesel.
According to estimates, between 8,000 and 10,000 tonnes of high-speed diesel were being smuggled into Pakistan every day, while Iranian petrol was less in demand due to its somewhat inferior quality and the overall decline in demand for fuel.
