ISLAMABAD: The federal government on Thursday decided to increase price of petrol by Rs2 per litre following fluctuation in prices in the international market effective from September 1, 2017.
However, the prime minister decided to keep the prices of high speed diesel, kerosene and Light Diesel Oil (LDO) unchanged for the month of September.
Petrol is used in vehicles where gas was not available. All CNG stations in Punjab have switched to imported CNG. Therefore, demand for petrol has increased.
The High Speed Diesel is used in vehicles and the agriculture sector. The government’s decision to keep its price unchanged would also provide relief to the farming community.
According to a statement issued by the Ministry of Finance, Ishaq Dar discussed the matter with Prime Minister Shahid Khaqan Abbasi.
It was decided by the prime minister that the prices of High Speed Diesel (HSD), Kerosene Oil and LDO will be maintained at the current level till September 30, 2017.
In the case of MS 92 RON petrol, it has been decided to increase the price by Rs2 per Litre, with effect from September 1, 2017 until September 30, 2017. The new price of MS 92 RON petrol will be Rs71.50 per litre.
The government has announced prices of petroleum products for the period starting from September 1, 2017 until midnight on September 30, 2017.
On the basis of the prevailing prices in the international market, OGRA recommended an increase of Rs2.35 per litre in the price of MS 92 RON petrol, increase of Rs0.75 per litre in the price of High Speed Diesel (HSD), increase of Rs15.79 per litre in the price of Kerosene Oil, and increase of Rs12.18 per Litre in the price of Light Diesel Oil (LDO), with effect from September 1, 2017.