The government has announced an increment of up to Rs. 8.90 per liter in the prices of oil products for August.
The hike in prices was recommended by the Oil and Gas Regulatory Authority (OGRA) on Tuesday.
Following OGRA’s recommendation, the government has okayed an increase of Rs. 5.15 per liter for petrol, Rs. 5.65 per liter for High-Speed Diesel (HSD) and Rs. 5.38 per liter for kerosene oil, and Rs. 8.90 per liter for light diesel oil.
After the hike, the new price for petrol will be Rs. 117.83 per liter from the current Rs. 112.68, reflecting an increase of 5 percent. Another 5% increase was observed in HSD’s price which jumped from Rs. 126.82 to Rs. 132.47 per liter.
Similarly, the price of light diesel has gone up by 10 percent to Rs. 97.52 per liter from Rs. 88.62. Kerosene oil price registered an increase of Rs. 5.38 per liter, getting to to Rs. 103.84 per liter.
The new prices came into effect from first August.
ALSO READ
Petrol Price Likely to Rise by Over Rs. 5 Next Month
Earlier, on Tuesday, OGRA in its summary had emphasized that the hike was inevitable due to currency depreciation and increasing oil prices in the international market.
پ غریب سے امیر بن سکتے ہیں, پڑھ لکھ کے افسر بن سکتے ہیں مگر یاد رکھیۓ ایک دفعہ یوتھیے بننے کے بعد آپ دوبارہ انسان نہیں بن سکتے.
chuss
Thank you Imran Khan
Keep digging your grave.
Thank U Nawaz League for that Reason :
1st Oct. 2013,
“PTI rejects the latest elec/fuel price hikes. We r planning countrywide protests as well as in the assemblies”
1st mar, 2018,
“Again govt chooses to target the masses by adding to their burden of taxes with latest petroleum products price hike. Shameful how govt refuses to collect taxes from the powerful & allows Sharifs & others of their ilk to continue draining national resources thru money laundering.”
1st Jan, 2018,
“Absolutely shameful how the govt has dropped a petrol bomb on the poor nation at the start of 2018. Instead of undertaking tax reforms and cracking down on money laundering, the govt continues to burden the masses – this time with a big increase in petroleum products’ prices.”
1st mar, 2018,
“Again govt chooses to target the masses by adding to their burden of taxes with latest petroleum products price hike. Shameful how govt refuses to collect taxes from the powerful & allows Sharifs & others of their ilk to continue draining national resources thru money laundering.”