ISLAMABAD: The federal government on Thursday increased prices of petroleum oil and lubricants (POL), with petrol going up by Rs2.5 per litre. The new price of petrol will be Rs92.88 per litre, read a notification issued by the Ministry of Finance.
Similarly, the price of diesel was increased by Rs4.75 per litre, taking it to Rs111.43 per litre.
The new price of kerosene oil reached Rs86.31 per litre after it was increased by Rs4 per litre, according to the notification. The price of light diesel oil also went up by Rs2.5 per litre, reaching Rs77.53 per litre.
It may be added that based on international oil prices, increase of Rs. 4.71, Rs 9.44, Rs 8.06 and Rs 5.12 per litre in the price of MS (Petrol), HSD, Kerosene Oil and LDO respectively was worked out but the government decided not to pass on the full impact of price increase to the consumers and approved a reduced level of increase.
The new prices will take effect from midnight on March 1.
