ISLAMABAD: The federal government has increased petrol price up to Rs2.00 per litre and Rs2.70 per litre on diesel which will be effective from December 01.
Finance Minister Ishaq Dar in a press conference announced the hike in petrol prices. He said the government increased the petrol prices after seven months while rates of light diesel and kerosine oil were remained unchanged. He added that the Oil and Gas Regulatory Authority (Ogra) had sent a summary to hike prices up to Rs6.24 per litre for petrol.
Earlier, The Oil and Gas Regulatory Authority (Ogra) Wednesday sent a summary to the government for an increase of up to Rs.5.42 in the prices of petroleum products – kerosene, high-speed diesel and high-octane blending component (HOBC) – from December 1.
A local media report said that the regulator after calculating the monthly impact of the country’s crude import has suggested the government increase high-speed diesel (HSD) prices by Rs 5.42 per litre from the current level of Rs 72.52 per litre to Rs 77.94 per litre.
The regulator has recommended an increase of Rs 4.01 per litre in petrol price from Rs 64.27 per litre to Rs 68.28 per litre (6.2 percent), Rs 2.81 per litre increase in kerosene oil from Rs 43.25 per litre to Rs 46.06 per litre (6.5 percent), while it has recommended a reduction of Rs 0.13 per litre in the light diesel oil (LDO) price from Rs 43.34 to Rs 43.21 per litre.
The authority has calculated an increase of Rs 6.82 per litre in the price of high octane blending component (HOBC), but the government has deregulated the HOBC price.
