ISLAMABAD: (HRNW) The government on Saturday announced a Rs3.01 increase in the price of petrol owing to the rising petroleum prices in the international market.
According to a notification by the Finance Division, besides petrol, an increase in other petroleum products will also be enforced starting January 16.
Petrol, with the Rs3.01 increase, will now cost Rs147.83 per litre, whereas high speed diesel (HSD), with an increase of Rs3, will now cost Rs144.62 per litre.
In addition, kerosene will cost Rs3 more and will thus be priced at Rs116.48 per litre, while light diesel oil will become Rs3.33 dearer to cost Rs114.54 per litre.
The Oil and Gas Regulatory Authority (OGRA) had recommended a Rs5.52 per litre increase in the price of petrol and Rs6.19 per litre in HSD prices.
“The petroleum products are showing fourth straight weekly gain and witnessed an increase of 6.2% just in last week in the international market,” the statement read.
It further said that the prices in the international market are at the highest level since last year.
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