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Govt increases prices of all petroleum products

Petroleum

ISLAMABAD: The federal government has revised prices of all petroleum products upward for the month of November in an announcement on Wednesday. 

A notification of the petroleum ministry said the fuel prices have been increased to keep up the trend of hike in crude oil prices in the global market.

The petroleum ministry has enhanced the price of light diesel oil (LDO) by Rs three per litre and that of kerosene oil by Rs 5.19 per litre. The price of high-speed diesel (HSD) has been hiked by Rs 5.19 per litre and petrol by Rs 2.49 per litre, the government announced.

The new price of HSD has now been fixed at Rs 84.59 per litre, while that of petrol is Rs 75.99 per litre. The new price of kerosene is Rs 53.19 per litre while the new price of LDO stands at Rs 47 per litre.

The crude oil prices in the global market witnessed an increase from $52 per barrel to $60 during the last month. In the wake of this trend of hike, the Oil and Gas Regulatory Authority (Ogra) had recommended an increase in the prices of petroleum products.

The old price of petrol stood at Rs 73.50 per litre, high-speed diesel at Rs 79.40 per litre, kerosene oil at Rs 48 per litre and light diesel at Rs 46 per litre.

 

READ MORE: Fuel prices hike challenged in court

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