Latest Petrol Prices- A Sigh Of Relief.

Latest Petrol Prices- A Sigh Of Relief.

On Tuesday, finance division made a statement that till March 31 the prices of petrol will remain same, that is Rs 149.86 per litre. It is reported to have said:

“In line with decision of the Prime Minister in the last fortnightly review, the petroleum product prices to remain unchanged despite abnormal price increase in international market.

The statement also said that government would look out for the loss of 30 billion for the fortnight, that is 16- 31 march.

The new rates will be:

Product

New Prices w.e.f. 16-03-2022

New Prices w.e.f. 01-04-2022 

Increase / (-) Decrease 

MS (Petrol) 

149.86

149.86

0

High Speed Diesel (HSD) 

144.15 

144.15

0

Kerosene (SKO) 

125.56

125.56

0

Light Diesel Oil 

118.31 

118.31

0

Addressing a speech last month, prime minister announced cutting the petrol and diesel prices by Rs 10 per litre. Prime minister announced that these prices would not rise till the making of next budget. In the words of the PM: "The price of these commodities will not rise till the next budget."

Read More:  Pm Announces Economic Reliefs.

The changes in the prices of the petrol affect people in Pakistan greatly, of course like the whole world, since Pakistan is still developing and the increase makes the masses suffer. Every time petroleum prices rise, the government of Pakistan provides explanations with many justifications, which obviously are facts: Pakistan imports petrol and oil because we have no petrol and oil wells of our own so we have to follow the way of international market-regardless of how difficult it may be to bear.

Despite these reasons increasing petrol prices rapidly is a kind of theft from the pockets of people of Pakistan and obviously decreasing them is beneficial for the people.Let’s see how it all falls together.