ISLAMABAD:
The government on Wednesday
increased the prices of petrol by Rs 2.98 per
litre and High Speed Diesel (HSD) b
y Rs 5.92 for the month of February, 2018. The Oil and Gas Regulatory Authority (OGRA) had proposed the double digit
increas
e in the rates of HSD by Rs 10.25 per
litre, SKO by Rs 12.74 per
litre and LDO by Rs 11.72 per
litre on the basis of the
increas
e in the prices of petroleum products in the international market.
The government, however, decided to reduce the impact on the consumers through adjustment in the applicable levies.
The price of High Speed Diesel has been
increased b
y Rs 5.92, from Rs 89.91 per liter to Rs 95.83.The product is widely used in transport and agriculture sector and therefore,
increase in its price would lead to hike in inflationary rates.
Petrol was
increased by Rs 2.98 per
litre from existing Rs 81.53 to Rs 84.51 per
litre. The supply of indigenous gas has been suspended to compressed natural gas (CNG) retail outlets in Punjab and therefore, the demand of petrol had been
increased for use in vehicles. The price of kerosene oil has been
increased b
y Rs 5.94 per
litre from Rs 64.32 to Rs 70.26 per
litre. The kerosene is being mixed in high speed diesel and therefore, the product had been facing shortage in local market. The price of Light Diesel Oil (LDO) has also been
increased b
y Rs 5.93 from Rs 58.37 to Rs 64.30 per
litre.
Published in Daily Times, February 1st 2018.
