Prices of Petroleum Products in September 2022 are up again
The prices of petroleum products in September 2022 have gone up in line with fluctuations in global oil prices.
The government has increased the cost of gasoline by Rs 2.07 per litre, diesel by Rs 2.99 per litre, kerosene oil by Rs 10.92 per litre, and light diesel oil (LDO) by Rs 9.79 per litre.
The petrol price has increased by Rs 2.07 per litre, from Rs 233.91 to Rs 235.98 per litre, as a result of a new increase.
With the latest increase, the price of high-speed diesel has increased to Rs 347.43 per litre from Rs 244.44 per litre.
The price of kerosene oil will increase by Rs 10.92 per litre, from Rs 199.40 per litre to Rs 210.32 per litre.
The price of light diesel oil (LDO) increased by Rs 9.79 per litre, from Rs 191.75 to Rs 201.54 per litre.
Govt justifies the increase in Prices of petroleum Products in September 2022
In a statement, the finance ministry stated that the government had considered the recommendations to increase the prices of petroleum products in accordance with the change in international prices and fluctuations in the exchange rate.
The Finance Ministry added that the petroleum tax had been kept at a minimum level in order to provide consumers with relief.
High-speed diesel is widely utilised in the agricultural and transportation industries. The country was experiencing a higher rate of inflation, and devastating floods had also caused an increase in commodity prices.
Due to its use in the transportation sector, the increase in the price of high-speed diesel will have a greater inflationary effect on the general public.
The recent increase in the price of high-speed diesel will exacerbate the plight of the masses as a result of rising inflation.
Gasoline is also used in automobiles and motorcycles.
CNG is an alternative fuel to gasoline.
In Punjab, all CNG stations have utilised LNG for a number of years.
Due to Pakistan LNG Limited’s (PLL) inability to arrange LNG imports, CNG retail outlets have also experienced a gas shortage.
Consequently, people will experience difficulties due to the increase in gasoline prices.
In remote areas of Pakistan, such as the north, where Liquefied Petroleum Gas (LPG) is unavailable for cooking, kerosene oil is also used.
The government has instituted a record increase in kerosene oil prices.
In addition, the Pakistani military uses kerosene oil in remote Pakistani regions.
The recent increase in the price of kerosene oil will also have an inflationary impact on the poor who use it for cooking.
LDO is utilised in the industrial sector.
