The caretaker government on Sunday made an announcement regarding the increase in prices of the petroleum products for the month of July, as per the reports of local media.
The price of petrol has been raised by Rs7.54, hence increasing to Rs99.5 and that of Kerosene has increased by Rs3.36 per litre, increasing it to Rs87.7, as per a statement released by the Ministry of Finance.
Furthermore, the price of High-Speed Diesel (HSD) has been increased by 14 rupees per litre to reach Rs 119.31.
|Petroleum Product||Price Increased by (Rs)||New Price after Increase (Rs)|
|High-Speed Diesel (HSD)||Rs14||Rs 119.31|
Also Read: Petrol Prices Increased by Rs4.26 per litre
It is relevant to mention that the Oil and Gas Regulatory Authority (OGRA) also had suggested an increase in the price of petrol by Rs7.54 per litre and diesel by 14 rupees per litre.
As per the statement of finance ministry owing to the tight financial position, the government has taken the decision to pass on the complete impact of the increase to the consumers.
The new prices would be put into effect from today that is the 1st of July 2018.
Last month that is in the month of June the Finance Division said in one of the statement that owing to the increase in global fuel prices the caretaker government has decided to hike the prices by fifty per cent of the actual suggested prices and leave the other fifty per cent as a breather for the fuel consumers in the blessed month of Ramazan. It was also mentioned that at the end of June, the government would again increase the petrol prices as has been noticed in all the earlier months of this year.