The government of Pakistan, Finance Division has announced the latest petrol prices in Pakistan today 1st June 2023 through the notification of decreased Petroleum prices by Rs. 8 and also decreased the price of Diesel. The current petrol prices Pak is Rs. 262 Per Ltr. The implementation of price of petrol in Pakistan will be applicable on 1st June 2023 and applicable up to next 15 days. The final decision of the OGRA proposal has taken after the approval of PM Pakistan Shehbaz Sharif.
Latest News About Petrol Prices on 01-06-2023:
According to the latest updates, In the wake of fluctuating global oil prices and exchange rate variation, the Government especially new Finance Minister PML-N Ishaq Dar has decided to un-change the petrol new price in Pakistan. The new prices effective from 1st June 2023.
The Government of Pakistan has decided to increase the Petrol Prices so that is why the new price of petrol will be Rs. 262. [ New ]
In order to provide utmost relief to the consumers, Government levied zero per cent Sales Tax and reduced Petroleum Levy rate against the budgeted targets. Resultantly, Government is bearing the revenue loss of around Rs. 35 billion (fortnightly) on account of budgeted to existing PL and ST rates.
Price of Petrol in Pakistan Today 1st June 2023
In the wake of fluctuations in petroleum prices in the international market and exchange rate variation, the Government has decided to revise the existing prices of petroleum products to pass on the impact to the consumers. The new prices effective from 1st June 2023.
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The new prices of Petroleum Products with effect from 1st June 2023 will be as follows:
New Price of Petrol in Pakistan 1st June 2023
|
Product |
Existing Prices w.e.f. 16-05-2023 | New Prices w.e.f. 01-06-2023 |
Increase (+) / Decrease (-) |
|
Light Diesel Oil |
152.68 | 147.68 | -5.00 |
| High Speed Diesel (HSD) | 258.00 | 253.00 |
-5.00 |
|
Kerosene (SKO) |
164.07 | 164.07 | 0.00 |
| MS (Petrol) | 270.00 | 262.00 |
-8.00 |
It is pertinent to mention that Petrol new price in Pakistan are the cheapest in the region. The above-mentioned prices of Petroleum products will be applicable w.e.f. 1st June 2023:
| Finance Division Website | Check Petrol Price Online |
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