What may the most recent gasoline price in Pakistan be as of October 1| srjlatestnews

 As POL rates plunged on the international markets, the government is likely to reduce the price of diesel and gasoline by Rs15 and Rs5, respectively, starting on October 1, 2022, according to sources within the industry on Tuesday.

According to sources, POL prices would be reduced for the next two weeks based on projections provided by specialists in the oil business.

They stated that the new price would be determined based on the price of oil on the global markets as of September 29.

If the government decides to keep the petroleum levy at the current amount, they predicted that "POL prices will decline."

In accordance with a contract with the IMF, the government is required to levy PL on petroleum goods.

According to a notification issued on September 1, the petroleum levy rate for gasoline is now fixed at Rs37.50 per litre and for diesel at Rs7.50 per litre. POL costs The government kept the price of High-Speed Diesel (HSD) at Rs247.43 while increasing the cost of gasoline from Rs235.98 to Rs237.43 on September 21. Kerosene's price was decreased by Rs 8.30 to Rs 210.32 and that of light diesel oil by Rs 4.26 to Rs 201.54 to Rs 197.28.