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Federal government on Saturday increased petrol price by Rs10 per litre, taking the price to Rs282 per litre.
Finance Minister Ishaq Dar while announcing the increase said, the government had increased the price by “only” Rs10 per litre. “However, the prices for high diesel and light speed diesel will remain unchanged,” he added.
New price will take effect from April 16.
In a statement, the Finance Division said the rationale behind a hike in the price of petroleum products was the “increase in petroleum prices in the international market and exchange rate variation”.
Petrol’s price has been increased to Rs282 per litre, while high-speed diesel and light diesel oil rates will remain stable at Rs293 per litre and Rs174.68 per litre, respectively, the statement from the Finance Division read.
However, an increase of Rs5.78 per litre has been made to the price of kerosene oil, moving it from Rs180.28 per litre to Rs186.07 per litre.
