The government has approved a hike of Rs2.31 and Rs1.80 in the prices of petrol and diesel, respectively, for the month January, while the price of the Liquified Petroleum Gas (LPG) has also been increased by Rs16 per kg.
“While considering relief for the people, Prime Minister Imran Khan approved the minimum possible increase in prices of petroleum products against OGRA’s [Oil and Gas Regulatory Authority] recommendations,” a Prime Minister’s Office (PMO) press release said.
OGRA had sought an increase of Rs10.68 in petrol price and Rs8.37 in diesel price, whereas it asked the government to increase the price of kerosene oil by Rs10.92 and light diesel oil (LDO) by Rs14.87; the government however reduced it by Rs3.36 and Rs3.95, respectively.
Meanwhile, OGRA notified a hike of Rs16 per kilogramme in the prices of Liquefied Petroleum Gas (LPG), effective from today, which comes as another blow for the public already facing high inflation.
According to OGRA’s notification, the LPG prices are raised by Rs16/kg. With the increase, the LPG cylinder for domestic users will be up by Rs188 and commercial users by Rs722.
It may be noted here that the consumers are already facing a shortage of gas nationwide and have to rely on LPG cylinders instead.