The government has increased prices of petroleum products by up to Rs3.51 for the month of June, pushing the new petrol price to Rs77.79 per liter. "We have increased the prices of petrol by Rs3.5 per litre despite receiving a summary from Oil and Gas Regulatory Authority (OGRA) to raise the petrol prices by Rs6.19", said Finance Minister Ishaq Dar while addressing a press conference in Islamabad on Sunday. The prices will come into effect at 12 midnight. With the increase of Rs3.50 in petrol price, the new price of the commodity will be Rs77.79 per liter.
Price of High Speed Diesel will be Rs87.12 with the increase of 3.51 rupees while kerosene oil will be Rs64.94 per liter with the increase of Rs3.50. New price of High Octane will be Rs83.81 and that of Light Diesel Oil Rs61.51 per liter. Earlier on Thursday, it was rumoured that petroleum ministry received a summary from Ogra on Thursday which suggested up to a 16% increase in oil prices following fluctuations in global markets.
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