Petrol price hiked by Rs2.98 for month of February
ISLAMABAD: The government on Wednesday increased the price of different petroleum products for the month of February, said a statement from the Ministry of Finance.
The price of petrol has been increased by Rs2.98 per litre and the fuel will will now be available for Rs84.51.
The price of diesel (HSD) has been increased by Rs5.92 per litre, and will now be available for Rs 95.83 as compared to earlier price of to Rs 89.91.
Light Diesel Oil (LDO) has been increased by Rs 5.93 from Rs 58.37 and will now be available for Rs64.30 per litre. Furthermore, the price of kerosene has been increased by Rs5.94 from Rs64.32 and will now be available for Rs70.26 per litre.
The finance ministry statement says that the Oil and Gas Regulatory Authority (OGRA) had recommended double-digit increase in the rates of HSD (Rs. 10.25 per litre), SKO (Rs. 12.74 per litre) and LDO (Rs. 11.72 per litre) on the basis of increase in prices in the international market but the government decided to reduce the impact on the consumers through adjustment in the applicable levies.
The new prices will be effective from February 1 until midnight of February 28, 2018.