The government on Thursday increased the price of petrol by Rs5.40 per litre and that of high-speed diesel (HSD) by Rs2.54 per litre. Meanwhile, the prices of kerosene increased by Rs1.39 and light-diesel oil (LDO) increased by Rs1.27.
The new price for petrol, diesel, kerosene and light-diesel oil (LDO) are as follows:
The new price for petrol Rs118.09 per litre
The new price Diesel Rs116.5 per litre
The new price Kerosene Rs87.14 per litre
The new price LDO Rs84.67 per litre
The change was shared by Special Assistant to Prime Minister on Political Affairs (SAPM) Shahbaz Gill, who said that the premier had decided to give the public “huge relief” by not raising prices based on the recommendations of the Oil & Gas Regulatory Authority (Ogra).
He disclosed that Ogra, in view of rising petroleum prices in the international market over the last few months, had recommended that the price of petrol be increased by Rs11.4 per litre. “Contrary to Ogra’s recommendations, the prime minister only approved an increase of Rs5.40 per litre keeping in view public interest,” he tweeted.
This is the second time the prices of petroleum products have increased in the last 15 days. The government had increased the prices of all petroleum products by up to 4.7 per cent at the beginning of July to pass on “partial impact” of rise in international prices.