The government increased the petroleum prices again by up to Rs 8.14 per litre early in the morning on Friday.
For the first time in the country’s history, the prices of all the petroleum products are above Rs110 per litre, reported Dawn.
The announcement was made by the Ministry of Finance on Friday with immediate effect to ensure the revival of the International Monetary Fund (IMF) programme.
The government increased the price of petrol and high speed diesel by Rs 8.03 and Rs 8.14 per litre, respectively. Similarly, the prices of kerosene and light diesel oil were increased by Rs 6.27 and Rs 5.72 per litre, respectively.
Under the notification, the new price of petrol is Rs145.82 per litre The price of High Speed Diesel (HSD) is now Rs142.62 per litre.
The price of kerosene is set at Rs116.53 per litre. Likewise, the rate of light diesel oil (LDO) has increased to Rs114.07.
The news came forward after Prime Minister (PM) Imran Khan’s announcement of the “biggest” relief package worth Rs120 billion. However, he cautioned that there will be an increase in fuel prices in the coming days.