Petrol price increased by Rs 5 per liter

Petrol price increased by Rs 5 per liter

ISLAMABAD: Absorbing the substantial impact of increase in prices of petroleum products proposed by Oil and Gas Regulatory Authority (OGRA), the government on Wednesday decided to partially pass on the burden and increased the price of petrol by Rs 5 per litre, while that of High Speed Diesel (HSD) by Rs 6.37 per litre for the month of November.

Based on the international prices, the OGRA had worked out an increase of Rs. 9.02 per litre in the price of MS (Petrol) and for HSD it recommended increase of Rs. 13.22 per litre.

For Kerosene Oil (SKO) the recommended increase was Rs 6.47 per litre but the government allowed an increase of Rs.3.0 per litre only.

As for Light Diesel Oil (LDO), the recommended increase of Rs.6.48 has been approved as the tax/levy on this product is already quite negligible.

According to a statement issued by ministry of finance, the government partially passed on the increase to the consumers to minimize the burden on public at large.

The new price of petrol would be Rs 97.83 while that of HSD would be Rs 112.94 per litre. Similarly, the new price of Kerosene Oil would be R 86.5 per litre and that of Light Diesel would be Rs 82.44 per litre to be implementable from November 1.