• Caretaker govt increases oil prices to Rs 4.26

    increases oil prices File Photo increases oil prices

    Few days ahead of Eidul Fitr, the caretaker government on Monday has revised prices of petroleum products for the current month.

    The price of petrol has been increased by Rs4.26, High Speed Diesel by Rs6.55, Kerosene Oil by Rs4.46 and Light Diesel Oil by Rs6.14 per litre. The new prices are effective from Tuesday (June 12).

    According to the summary, with the latest increase, the new price of petrol will be Rs91.96 per litre; High Speed Diesel Rs 105.31 per litre; Light Diesel Rs 74.99 per litre and Kerosene Oil Rs 84.34.

    It is pertinent here to mention that earlier this week, the outgoing government had decided to keep prices of petroleum products maintained for the month of June, rejecting a summary of hike in prices by Oil and Gas Regulatory Authority (OGRA).

    OGRA had sent a summary to the power division, recommending hike of Rs8.37 per litre in petrol prices, while an increase of Rs12.5 per litre in diesel prices is recommended. The authority also recommended an increase of Rs8.30 and Rs11.65 in kerosene oil and diesel oil, respectively.

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