Govt allows ‘sky high’ raise in petrol prices

Petrol and high speed diesel price up by rs 35/litre, Kerosene oil is now available at rs 189.83/litre and light diesel oil rs 187/litre n finance minister ishaq dar explains petrol prices in international market have increased by 11 per cent, recalls on Pm’s instructions petrol prices remained unchanged during the last four months n terms fiscal discipline vital for economic prosperity.

The government has jacked up the prices of petrol and high speed diesel (HSD) by Rs 35/litre each owing to increase in the oil prices in international market and depreciation of Pakistani rupee against the US dollar.

In a short televised address on Sunday morning, the Federal Minister for Finance Ishaq Dar has announced increase in the prices of all the petroleum products, including petrol, HSD, kerosene and light diesel oil (LDO). It has been decided to increase the price of petrol and diesel by Rs35 per litre, said the minister. The prices of kerosene oil and light diesel oil have been enhanced by Rs18/litre, he announced. After the increase, the price of high speed diesel has gone up to Rs 262.80/litre from the previous Rs 227.80/litre. The price of motor spirit/petrol hit record high at Rs 249.80/ litre from the early Rs 214.80/ litre. Kerosene oil gone to Rs 189.83/litre from the earlier Rs 171.83/litre. The price of light diesel oil has increased to Rs 187/litre from Rs 169/litre.

Related posts