ISLAMABAD: The government has hiked petroleum prices at the beginning of the new year.
According to sources, an increase of Rs 2.31 per litre in petrol price has been approved, after which the new price of petrol will be Rs 106.
Besides, it has been approved to increase the price of diesel by Rs 1.80 per litre, after which the new price of diesel will be Rs 110.24 per litre.
Similarly, the price of kerosene has been increased by Rs 3.36 while the price of light diesel has been increased by Rs 3.95.
It should be noted that from January 1, petroleum products were expected to become more expensive. According to sources, OGRA had sent a summary to the Petroleum Division in this regard.
In the summary sent to the Petroleum Division by OGRA, it was proposed to increase the price of petrol by Rs2.96 per litre and high-speed diesel by Rs3.12 per litre.
A statement issued from the Prime Minister’s House on the increase in petroleum products said that keeping in view the relief of the people, Prime Minister Imran Khan approved the minimum increase in petroleum products contrary to the recommendations of OGRA.
The statement said that OGRA had recommended an increase of Rs 10.68 per litre in petrol and Rs 8.37 per litre in diesel. Considering the government’s priorities of providing maximum relief to the people, an increase of only Rs 2.31 per litre in the price of petrol and Rs 1.80 per litre in the price of diesel has been approved.
Similarly, OGRA had proposed an increase of Rs 10.92 per litre in kerosene and Rs 14.87 per litre in light diesel. In contrast, the price of kerosene has been increased by Rs 3.36 while the price of light diesel has been increased by only Rs 3.95.