ISLAMABAD: Finance ministry has approved Rs 2 per litre hike in petrol price on Saturday (September 30th) taking the commulative to Rs 73.50/litre.
The revised prices of petroleum products would be in effect starting from midnight tonight. Price of the high-speed diesel is revised to Rs 79.40/litre, that of light speed diesel to Rs 46/litre and that of kerosene to Rs 48/litre.
According to a press release, the government has announced the prices of petroleum products for the period starting from 1st October 2017 until midnight on 31st October 2017.
On the basis of the prevailing prices in the international market, OGRA recommended an increase of Rs. 2.35/Litre in the price of MS 92 RON Petrol, increase of Rs. 2.17/Litre in the price of High Speed Diesel (HSD), increase of Rs. 19.32/Litre in the price of Kerosene Oil, and increase of Rs. 14.09/Litre in the price of Light Diesel Oil (LDO), with effect from 1st October 2017.
After considering the proposal of OGRA, the Prime Minister has decided that the prices of HSD, MS 92 RON Petrol and LDO will be increased by Rs. 2.00/Litre each, while the price of Kerosene Oil will be increased by Rs. 4.00/Litre, with effect from 1st October 2017 until midnight on 31st October 2017. As a result, the new prices will be as follows:
New price w.e.f. 1st October 2017: MS 92 RON Petrol Rs. 73.50 / Litre; High Speed Diesel (HSD) Rs. 79.40 / Litre; Light Diesel Oil (LDO) Rs. 46.00 / Litre; and Kerosene Oil Rs. 48.00 / Litre.