ISLAMABAD: Government on Wednesday approved an increase of Rs5 per litre in the price of petrol.
According to a notification issued by the Finance Division, the price of petrol has been increased by Rs5 per litre and new price will be Rs123.30 while High Speed Diesel price increased by Rs5.01 and the new price will be Rs120.04.
The price of Kerosene Oil has been increased by Rs 5.42 per litre with new price Rs 92.26 whereas Light Diesel Oil price increased by Rs 5.92 per litre and its new price will be Rs 90.69.
The new prices – fixed for 15 days – will come into effect from midnight.
On Tuesday, the Oil and Gas Regulatory Authority (OGRA) had recommended an increase in the price of petroleum products by up to Rs7 per liter from September 16.
According to a summary sent by the OGRA to the Petroleum Division, the authority had proposed hike in the price of petrol by Rs1 and High Speed Diesel (HSD) by Rs10.50.
The regulator had also proposed to increase the price of Light Diesel Oil (LDO) by Rs 5.50 and Kerosene oil by Rs 5.50 per liter.
