The caretaker government has announced the third hike in the prices of petroleum products since assuming power last month.
The price of petrol has been increased by Rs. 26.02 per liter to Rs. 331.38 , while the price of high-speed diesel has gone up by Rs. 17.34 per liter to Rs. 329.18.
— Ministry of Finance (@FinMinistryPak) September 15, 2023
In a short statement, the Finance Division said that the prices have been revised upwards owing to the increasing trend of petroleum prices in the international market.
Todays increase means that since August 15, the price of petrol has increased by Rs. 58.43 per liter while the price of high-speed diesel has risen by Rs. 55.78 per liter.
At the last fortnightly review of petroleum prices, on August 31, the interim government raised the price of petrol by Rs. 14.91 per liter to Rs. 305.36 while the price of high-speed diesel was jacked up by Rs. 18.44 per liter to Rs. 311.84.
On August 15, the interim government had increased the price of petrol by Rs. 17.50 per liter while the price of high-speed diesel was jacked up by Rs. 20 per liter.