*ISLAMABAD: The caretaker government on Sunday announced an increase in theprices of petroleum products for the month of July.*
The price of petrol has been increased by Rs7.54, climbing to Rs99.5, andthat of kerosene by Rs3.36 per litre, climbing to Rs87.7, according to astatement issued by the finance ministry.
Moreover, the price of High-Speed Diesel (HSD) has been jacked up by Rs14per litre to reach Rs119.31.
It is pertinent to note here that Oil and Gas Regulatory Authority (OGRA)too had proposed increase in the price of petrol by Rs7.54 per litre anddiesel by Rs14 per litre.
“Due to tight fiscal position, the government decided to pass on the fullimpact of the increase to the consumers,” reads the finance ministrystatement.
The new prices will be effective from July 1, 2018 till midnight on July31, 2018.