Govt maintains status quo on price of petroleum products
Finance Minister Ishaq Dar says petrol prices will remain unchanged for January 16-31
January 15, 2023
- POL prices to remain same till Jan 31.
- Petrol to be available at Rs214.80 per litre.
- Diesel will be sold at Rs227.80 per litre.
Finance Minister Ishaq Dar announced Sunday that the price of petroleum products in the country would remain unchanged for the next fortnight — till January 31.
In his video address, the finance minister said the prices will remain the same from January 16-31 — a move that might invite criticism from the International Monetary Fund (IMF).
| Commodity | Existing prices w.e.f 16.01.2023 | New prices w.e.f 31.1.2023 | Increase/Decrease (in rupees) |
| Petrol | Rs214.80 | Rs214.80 | 0 |
| Diesel | Rs227.80 | Rs227.80 | 0 |
| Kerosene Oil | Rs171.83 | Rs171.83 | 0 |
| Light Diesel Oil | Rs169 | Rs169 | 0 |
It should be noted that in the second quarter (October- December) of the fiscal year 2022-23, the prices cumulatively declined by:
- Rs22.63 per litre in petrol price
- Rs19.63 per litre in the price of high-speed diesel
- Rs28.28 per litre in the price of light diesel oil
- Rs30.19 per litre in the price of kerosene oil
The government last slashed prices of petroleum products by up to Rs10 per litre on December 15.
