The federal government on Friday raised the costs of petroleum merchandise by as much as Rs6.62 to share the impression of rising worldwide costs with the shoppers.
The value of petrol (motor spirit) has been elevated by Rs3.86 to Rs103.97 per litre from the prevailing Rs100.11, in response to a Finance Division press launch.
The value of high-speed diesel (HSD) has been pushed to Rs106.46 per litre from the present worth of Rs101.46, an increase of Rs5.
The brand new worth of kerosene oil (SKO) shall be Rs65.29, a bounce of Rs5.97 over the prevailing Rs59.32.
In the meantime, the value of sunshine diesel oil (LDO) has been hiked by Rs6.62 to Rs62.86, from the present Rs56.24 per litre.
The choice to revise the gasoline costs upwards was taken “in view of the rising oil prices trend in the global market”, the temporary assertion issued by the Finance Division mentioned.
The brand new costs are efficient from August 1 (tomorrow), the primary day of Eidul Azha.
The Oil and Fuel Regulatory Authority (Ogra) had on Wednesday proposed a rise of about Rs7-9 per litre within the worth of petrol and HSD for the following month and about Rs6 per litre improve in kerosene and LDO charges.
Knowledgeable sources had informed Daybreak that Ogra, which was bypassed final month in petroleum worth changes, had this time forwarded a working paper to the federal government to increase petroleum costs based mostly on current tax charges and import prices of the Pakistan State Oil (PSO).
Final month, the federal government had in a sudden transfer introduced a rise of as much as practically Rs26 within the costs of petroleum merchandise. The 27-66 per cent worth shock had attracted widespread criticism.