ISLAMABAD: The Shehbaz-led government has increased the price of petrol by Rs1.20 per litre while reducing the price of high-speed diesel (HSD) by 17 paisa per litre.
According to a statement issued by the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products in accordance with the federal government’s prescribed pricing mechanism.
Following the revision, petrol will cost Rs393.86 per litre, up from Rs392.66, while the price of high-speed diesel has been reduced to Rs396.65 per litre from Rs396.82.
Earlier on Tuesday, the government had reduced the price of petrol by Rs2.71 per litre to Rs392.66. The price of high-speed diesel was also cut by 3 paisa per litre, bringing it down to Rs396.82.
The latest revision reverses part of the previous reduction in petrol prices, while diesel consumers will receive a slight decrease in the per-litre rate.
