The government of Pakistan has increased the petroleum prices in Pakistan. It is the fifth time the prices have been increased in the last two months.
Petrol has been increased by Rs 2.70 and its new price will be 111.90. The price of high-speed diesel has been increased by 2.88 and will be available at Rs 116.07 while kerosene oil has been increased by 3.54 and now will be sold at 80.10.
Two days back Oil and Gas Regulatory Authority (OGRA) pushed a summary to hike the prices of key petroleum products — petrol and high-speed diesel (HSD). The price was estimated to go up by Rs 9-11.
The last time the government reduced the prices of petroleum product was in November. The prices of petrol and high speed diesel (HSD) were reduced by Rs1.71 and Rs1.79 per litre, respectively.
However, since then continuous spike witnessed in the prices of petroleum products and from November 15 to January 15 the price of petrol was increased by Rs 11.2 per litre and HSD by Rs 14.64 per litre, respectively, while the prices of kerosene and light diesel oil jumped by Rs 14.93.39 per litre.