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Petrol prices increased by Rs2 per litre

OGRA had recommended a increased of Rs6.05. Source: FILE

ISLAMABAD: The price of petrol will increase by Rs2 per litre starting July 1 (tomorrow) across the country.

This was stated by Special Assistant to Prime Minister of Pakistan on Political Communication Shahbaz Gill. He said that the Oil and Gas Regulatory Authority (OGRA) had recommended an increase of Rs6.05 which was rejected by Prime Minister Imran Khan who instead approved an increase of Rs2 per litre for petrol.

Gill said that the recommended increase by OGRA was in accordance with a rise in fuel prices in the international market. He said the recommendation also included an increase of Rs3.44 for the price of diesel but the prime minister approved an increase of Rs1.44.

A notification issued by the Ministry of Finance said that kerosene oil would see an increase of Rs3.86, whereas light diesel oil would go up by Rs3.72. The price of kerosene will now be Rs85.75 from Rs81.89 per litre.

After the hike, the price of petrol has now been increased from Rs110.69 to Rs112.69 per litre. The price of high-speed diesel (HSD) has been increased from Rs112.55 to Rs113.99, while the price of light speed diesel (LSD) has been increased from Rs 79.69 to Rs83.40.