The Economic Coordination Committee (ECC) under its Chairman Dr. Hafeez Sheikh has increased the prices of petroleum products by up to PKR 9 per litre.
The decision was taken on May 3 2019. Note here that the price of petrol has been increased by PKR 9 per litre, whereas the rate of kerosene oil has been increased by PKR 7.46 per litre and that of light-speed diesel has been increased by PKR 6.40 per litre. The price of high-speed diesel has been increased by PKR 4.89 by the government.
The new prices are as follows:
Petrol: PKR 108 per litre
High-speed diesel: PKR 122.32 per litre
Kerosene oil: PKR 96.77 per litre
Light-speed diesel: PKR 86.94 per litre
The previous prices are below:
Petrol: Rs.98.89 per liter
High-speed diesel: Rs.117.43 per liter
Kerosene oil: Rs.89.31 per liter
Light-speed diesel: Rs.80.54 per liter
It is imperative to note here that the Oil and Gas Regulatory Authority (OGRA) recommended to the Finance Ministry that the prices of petroleum products should be increased by up to PKR 14.
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