Petroleum Prices increased across Pakistan: Federal government

ISLAMABAD – The federal government increased prices of petroleum oil andlubricants (POL) on Thursday with petrol going up by Rs2.5 per litre.

The new price of petrol will be Rs92.88 per litre, read a notificationissued by the Ministry of Finance.

Similarly, the price of diesel was hiked by Rs4.75 per litre, taking it toRs111.43 per litre.

The new price of kerosene oil rose to Rs86.31 per litre after it wasenhanced by Rs4 per litre, according to the notification.

The price of light diesel oil also went up by Rs2.5 per litre; it nowstands at Rs77.53 per litre.

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The new prices will take effect from midnight on March 1.

The notification stated that authorities had worked out a higher increasein the prices, owing to hike in oil prices in international market.