New hiked prices of petroleum products take effect today

The government has increased the price of petrol by Rs.2.98 per litre and will now be available at Rs.84.51 per litre. The new rates will be implemented from today.

Similarly, the price of high speed diesel will be Rs.95.83 per litre with an increase of Rs5.92. Whereas, the cost of light diesel will be Rs.64.30 per litre. The price of kerosene oil has been increased by Rs.5.94 per litre from Rs.64.32 to Rs.70.26 per litre.

The Oil and Gas Regulatory Authority had recommended the prices of petroleum products to be increased and Prime Minister Shahid Khaqan Abbasi had approved of these rates.

This is the second time in the same year that the petroleum rates have been increased. Earlier, the petroleum prices had been increased on New Year's Eve.