Govt hikes petrol price from Rs74.52 to Rs100.10 per litre with immediate effect

Finance Ministry rejects proposal to lower levy on petroleum by Rs10

ISLAMABAD: The federal government on Friday decided to increase the prices of petroleum products with immediate effect in view of the rising oil prices trend in global market.
According to a notification issued by the Finance Division today [Friday], the prices of petrol have been increased from 74.52 to 100.10 rupees, High Speed Diesel from 80.15 to 101.46 rupees, Kerosene Oil from 35.56 to 59.06 rupees and Light Diesel Oil from 38.14 to 55.98 rupees per litre.
According to details, the federal government has decided on Rs25.58 per liter increase in the price of petrol and Rs21.31 per liter in that of High Speed Diesel (HSD).
The new prices will be applicable from tonight.
The government also decided an increase by Rs23.50 in the price of Kerosene Oil and Rs17.84 per liter increase in the price of Light Diesel Oil (LDO) for the month of July 2020.
Earlier on May 31, The government had reduced the price of petrol by Rs 7.6 per liter in response to the cuts in prices of petroleum products worldwide with new price of petrol being Rs 74.52 per liter.
Kerosene had been reduced by Rs 11.88 per liter which stood at Rs 35.56 per liter while, high speed diesel had been increased by five paisa per liter. After revision in prices, the new price of high speed diesel had been fixed at Rs 80.15 per liter.
In addition, the new price of light diesel oil had been fixed at Rs 38.14 per liter. Light diesel oil was earlier being sold at Rs 47.51 per liter.


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