National

Petrol prices in Pakistan raised for rest of January

Petrol to cost Rs3.20 more per litre, whereas diesel will cost Rs2.95 more

By Web Desk
January 15, 2021
— AFP/File

The government on Friday announced an increase in the prices of petroleum products for the remaining two weeks of January.

According to a notification by the Finance Division, petrol will now cost Rs3.20 more per litre , whereas diesel will cost Rs2.95 more.

Similarly, kerosene oil has become Rs3 dearer, and light diesel oil Rs4.42 more expensive.

ProductPrevious price
Change in price
Current price
Petrol
Rs106
Rs3.20Rs109.20
Diesel
Rs110.24
Rs2.95Rs113.19
Kerosene oil
Rs73.65
Rs3.00Rs76.65
Light diesel oil
Rs71.81
Rs4.42Rs76.23

The revised rates will go into effect beginning midnight (12am PST on January 16).

Ogra denies submitting summary recommending increase

A day earlier, the Oil and Gas Regulatory Authority (Ogra) denied that it had sent a summary to the government proposing a hike in the price of petroleum products.

"Reports circulating on media regarding an increase in prices of petroleum products are based on speculation," said a spokesperson of the authority.

The authority was responding to reports that it has recommended increasing the price of petroleum products by Rs11.95 per litre from January 16.

Sources said that the authority has also recommended increasing the diesel price by Rs9.57 per litre.