Caretaker govt increases prices of petroleum products for month of July

ISLAMABAD: The caretaker government on Sunday announced an increase in the prices of petroleum products for the month of July, ARY News reported.

The price of petrol has been increased by Rs7.54, climbing to Rs99.5, and that of kerosene by Rs3.36 per litre, climbing to Rs87.7, according to a statement issued by the finance ministry.

Moreover, the price of High-Speed Diesel (HSD) has been jacked up by Rs14 per litre to reach Rs119.31.

It is pertinent to note here that Oil and Gas Regulatory Authority (OGRA) too had proposed increase in the price of petrol by Rs7.54 per litre and diesel by Rs14 per litre.

“Due to tight fiscal position, the government decided to pass on the full impact of the increase to the consumers,” reads the finance ministry statement.

The new prices will be effective from July 1, 2018 till midnight on July 31, 2018.