ISLAMABAD – The federal government has jacked up the prices of petrol byRs35 per litre in wake of the devaluation of the rupee against the dollar.
Finance Minister Ishaq Dar announced the increase in a televised address,announcing that the prices of kerosene oil and light diesel oil have beenincreased by Rs18.
After the recent surge, the new petrol price has been fixed at Rs249.80 perlitre. The price of the diesel has been jacked up to Rs262.80, Darannounced.
Meanwhile, the price of kerosene oil has been increased to Rs189.93 perlitre after the surge of Rs18 while the light-speed diesel saw as muchincrease with the new price soaring to Rs187 per litre.
Latest pricesPOL products Old prices New prices Price differencePetrol Rs214.80 Rs249.80 Increased by Rs35Diesel Rs227.80 Rs262.80 Increased by Rs35Kerosene oil Rs171.83 Rs189.83 Increased by Rs18Light diesel oil Rs169 Rs187 Increased by Rs18
In his address, Dar justified the move, saying the government has notincreased the petroleum prices in the last couple of months, linking therecent surge with an increase of petroleum products in the internationalmarket.
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The new petroleum prices will come into effect immediately on Sunday, Darsaid.
Long queues at petrol stations in several cities
Extended queues of two-wheelers and cars were spotted at petrol pumps inseveral Pakistani cities in the wake of ‘limited supplies by oil marketingcompanies’.
