The government on Friday decided to increase the price of petrol and diesel by Rs3.20 per litre and Rs2.95 per litre, respectively, for the months of January and February.
The price of kerosene oil has been hiked by Rs3, while light diesel prices have been increased by Rs4.42, reported Geo News.
This is the second time that the government hiked the prices of petroleum products in a month. Earlier this month, there was an increase of Rs2.31 and Rs1.80 in the prices of petrol and diesel, respectively.
“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 had said at the time.
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 price of Liquefied Petroleum Gas (LPG) had also increased earlier this month. According to OGRA, the LPG prices were raised by Rs16 per kg amid an increase in demand.
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.
