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Govt announces new petroleum prices

SAMAA | - Posted: Feb 15, 2017 | Last Updated: 5 years ago
Posted: Feb 15, 2017 | Last Updated: 5 years ago

ISLAMABAD: Notwithstanding the summary forwarded by the Oil and Gas Regulatory Authority (OGRA), the Finance Ministry has increased the prices of petrol only by Rs 1, from Rs 70.29 per liter to Rs 71.29 per liter.

Finance Minister Senator Mohammad Ishaq Dar, while announcing the new prices of petroleum products here Wednesday said OGRA recommended fixation of new petrol prices at Rs 72.20 per liter.

The prices of petroleum products for the period starting from February 16, till midnight on February 28.

The minister said the prices of High Speed Diesel had also been enhanced from Rs 79.48 per liter to Rs 80.48 per liter, an increase of Rs 1 per liter.

Despite the recommendations of huge increase in kerosene and Light Diesel Oil (LDO) prices, the prices of these products had been kept unchanged.

The prices of Kerosene remained unchanged at Rs 43.25 while that of LDO at Rs 43.34. OGRA had recommended increase of Rs 1.91 per liter on petrol from Rs 70.29 per liter to Rs 72.20 per liter and Rs 2.03 per liter increase in High Speed Diesel from Rs 79.49 per liter to Rs 81.51 per liter.

The authority recommended an increase of Rs 16.71 in the prices of kerosene from Rs 43.25 per liter to Rs 59.96 and enhancement of Rs 12.53 per liter in prices of LDO from Rs 43.34 to Rs 55.87. - APP

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