The petrol price has been increased by Rs2.61 on Tuesday by the government of Pakistan.
The petrol price increased by Rs2.61 per litre, raising its cost to Rs116.60 per litre.
The price of diesel has seen a hike too.
Its price increases by Rs2.25 per litre to bring the new cost to Rs127.26 per litre.
Kerosene oil will now be available for Rs99.45 per litre after its price increased by Rs3.10 per litre.
The new prices will come into effect from January 1, 2020.
OGRA on Monday recommended to the Petroleum Division to increase prices of petroleum related products for the month of January 2020.
Earlier, the Oil and Gas Regulatory Authority (OGRA) suggested that petroleum price products should increase by up to 3.2%.
The summary sent to the government by OGRA recommended the highest increase of Rs3.10 per litre.
3.2% in the price of kerosene oil, and a hike of Rs2.61 per litre or 2.3% in the price of petrol.
An OGRA official stated that the authority has sent the summary to the Ministry of Energy (Petroleum Division).
It forwarded it to the finance ministry for approval.
The government took decision on the summary on Tuesday.
The regulator also suggested an increase of Rs2.25 per litre or 1.8% in the price of high-speed diesel.
It mainly used in transport and agriculture sectors.
OGRA also proposed an increase of Rs2.08 per litre or 2.5% in the price of light diesel oil (LDO) for the month of January.