Petrol price in Pakistan increased by over Rs 123 in PDM government

Economic PerformancePetrol price in Pakistan increased by over Rs 123 in PDM government
  • Petrol price in Pakistan amounting to Rs 282.00 per litre from April 16 to May 15, 2023 in the PDM government was the highest ever in the Country’s history.

By Mati Ullah Khan

ISLAMABAD, Pakistan: The petrol price in Pakistan reached a level of Rs 272.95 per litre in merely 16-month long Pakistan Democratic Movement (PDM) government, registering a rise of Rs 123.09.

On April 11, 2022, when the PDM government led by Prime Minister Shahbaz Sharif took over, the petrol was priced at Rs 149.86 per litre; however, by the end of their tenure on August 09, 2023, the petrol price had surged to Rs 272.95 per litre with an increase of Rs 123.09.Petrol price in Pakistan increased by over Rs 123 in PDM governmentIn the PDM government, the petrol price was increased for 13 times and decreased for 7 times while it was maintained for 15 times.

In the previous Pakistan Tehreek-e-Insaf (PTI) government led by Prime Minister Imran Khan, the maximum petroleum levy was fixed at Rs 30 per litre; however, later the PDM government raised the threshold of petroleum levy to Rs 60 per liter to seek further loans from the International Monetary Fund (IMF).

By the end of their tenure, the PDM government was collecting Rs 55.00 on per litre petrol as petroleum levy.

Also Read: Dollar Rate in Pakistan increased by Rs 104.54 in 16-month PDM government

It’s worth noting that though the PDM government accused the PTI government for providing a subsidy on petroleum products by reducing the General Sales Tax (GST) and Petroleum Levy to zero in March 2022 which allegedly endangered the IMF program. However, the PDM government initially itself imposed zero taxes from April 11 to June 30, 2023 – a period of almost three months. In fact, throughout the PDM tenure, the GST on petrol remained 0%.

Brent Crude Price in International Market in last 1 Year

Petrol price in Pakistan increased by over Rs 123 in PDM government
Note: Today Brent Crude price stood at US$ 85.46 per barrel as of 06:00 am CDT

Petrol price in Pakistan during PDM government;

Fortnight
Prices (per litre)
Increase/(-) Decrease
Petroleum Levy
Sales Tax %
August 1-15, 2023 Rs 272.95 Rs 19.95 Rs 55.00 0
July 16-31, 2023 Rs 253.00 – Rs 9 Rs 55.00 0
July 1-15, 2023 Rs 262.00 0 Rs 55.00 0
June 16-30, 2023 Rs 262.00 0 Rs 50.00 0
June 1-15, 2023 Rs 262.00 – Rs 8 Rs 50.00 0
May 16-31, 2023 Rs 270.00 – Rs 12 Rs 50.00 0
May 1-15, 2023 Rs 282.00* 0 Rs 50.00 0
April 16-30, 2023 Rs 282.00* Rs 10 Rs 50.00 0
April 1-15, 2023 Rs 272.00 0 Rs 50.00 0
March 16-31, 2023 Rs 272.00 Rs 5 Rs 50.00 0
March 1-15, 2023 Rs 267.00 – Rs 5 Rs 50.00 0
February 16-28, 2023 Rs 272.00 Rs 22.2 Rs 50.00 0
January 29-February 15, 2023 Rs 249.80 Rs 35 Rs 50.00 0
January 16-28, 2023 Rs 214.80 0 Rs 50.00 0
January 1-15, 2023 Rs 214.80 0 Rs 50.00 0
December 16-31, 2022 Rs 214.80 – Rs 10 Rs 50.00 0
December 1-15, 2022 Rs 224.80 0 Rs 50.00 0
November 16-30, 2022 Rs 224.80 0 Rs 50.00 0
November 1-15, 2022 Rs 224.80 0 Rs 50.00 0
October 16-31, 2022 Rs 224.80 0 Rs 47.26 0
October 1-15, 2022 Rs 224.80 Rs 12.63 Rs 32.42 0
September 21-30, 2022 Rs 237.43 Rs 1.45 Rs 37.42 0
September 1-20, 2022 Rs 235.98 Rs 2.07 Rs 37.50 0
August 16-31, 2022 Rs 233.91 Rs 6.72 Rs 20 0
August 1-15, 2022 Rs 227.19 – Rs 3.05 Rs 20 0
July 15-31, 2022 Rs 230.24 – Rs 18.5 Rs 10 0
July 1-14, 2022 Rs 248.74 Rs 14.85 Rs 10 0
June 16-30, 2022 Rs 233.89 Rs 24.06 0 0
June 3-15, 2022 Rs 209.86 Rs 30 0 0
June 1-2, 2022 Rs 179.86 0 0 0
May 27-31, 2022 Rs 179.86 Rs 30 0 0
May 16-26, 2022 Rs 149.86 0 0 0
May 1-15, 2022 Rs 149.86 0 0 0
April 16-30, 2022 Rs 149.86 0 0 0
April 1-15, 2022 Rs 149.86 0 0 0

Source: OGRA

*Highest ever

 

#PetrolDieselPrice

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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