The government said on Wednesday that it had increased the price of petrol by Rs.
According to the Finance Division’s notification, the increase was due to fluctuations in petroleum prices in the international market and changes in the exchange rate.
According to the notification, the increase in petroleum products other than petrol will also be implemented from September 16.
Petrol will now cost Rs 123.30 per liter with an increase of Rs 5 while high speed diesel will now cost Rs 120.04 per liter with an increase of Rs 5.01.
In addition, kerosene will be Rs 5.46 more expensive and thus its price will be Rs 96.26 per liter, while light diesel oil will be Rs 5.92 more expensive and Rs 90.69 per liter.
|Product||Current price (per liter)||Increase (per liter)||New price (per liter)|
|High speed diesel||115.03||5.01||120.04|
|Light diesel oil.||84.77||5.92||90.69|
The Oil and Gas Regulatory Authority (OGRA) had recommended an increase of Rs 1 per liter in the price of petrol.
The authority sent a summary to the Petroleum Division in which it proposed an increase of Rs 16 per liter in the price of petrol.
It also recommended an increase of Rs 10.50 per liter in the price of high speed diesel and Rs 5 per liter in the price of kerosene.