Petrol price increased by Rs1.35 per litre

ISLAMABAD: Against the market expectations, the federal government has increased the price of petrol by Rs1.35 per litre for the next fortnight, ending on November 15. The new fuel prices came into effect from November 1 (Friday).

According to a notification issued by the Finance Division, the new price of petrol will be Rs248.38 per litre, up from Rs247.03. “The Oil [and] Gas Regulatory Authority (OGRA) has worked out the consumer prices of petroleum products, based on the price variation in the international market,” read a statement released by the Finance Division late Thursday.

Similarly, the price of high-speed diesel (HSD) was increased from Rs251.29 to Rs255.14 per litre — an increase of Rs3.85 per litre. Meanwhile, the prices of other petroleum products have been reduced. The new price of kerosene oil will be Rs161.54, down by Rs1.48 from Rs163.02 per litre. Likewise, the price of light-diesel oil has been reduced by Rs2.61, from Rs150.12 to Rs147.51 per litre.