Petrol Price per liter has been increased by 9 rupees 66 paise.
The Price of petrol per liter has been increased by 9 rupees 66 paise. The new price of petrol has become 289 rupees 41 paise. The price of diesel has been reduced by 3 rupees 32 paise per liter. The new price of diesel is 282 rupees 24 paise.
The new prices of petroleum products will apply from April 1 to April 15. The notification has been issued.
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Conversely, the Petroleum Retailers Association has once more requested an augmentation in the profit margin for petrol sales.
In a letter sent to the Ministry of Finance, the Petroleum Dealers Association has justified the increase in the price of electricity, interest rate and Karachi Interbank Offered Rate, cost of labor, increase in franchise fee to increase the margin.
In the letter, the invasion of Iranian petroleum products was also cited as the cause of dealer loss; there is concern that if sales tax is reinstated and dealers’ margins are expanded, the price of petroleum products will rise to a record high.
It should be noted that earlier in September 2023 also, the dealers had increased the margin by Rs. 7 per liter and the dealer’s margin was increased from Rs. 1.65 to Rs. 8.65 per liter.
Also read this: Government Increased the Price of Petrol Again
