Petrol bomb dropped on masses
Following Prime Minister (PM) Imran Khan’s approval, the federal government has raised the prices of petrol, diesel, and other commodities, commencing from Saturday (today).
Earlier, the Oil and Gas Regulatory Authority (OGRA) sent a summary of a price increase for petrol beginning October 16.
According to sources, OGRA prepared its summary on the basis of the current levies.
According to the finance ministry, the prime minister authorised an increase in petrol prices of Rs10.49 per litre. The new price of fuel after the huge rise is Rs137.79 a litre.
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The price of high-speed diesel has also been increased by Rs12.44 per litre. The new high-speed diesel price is set at Rs134.48 a litre.
The new kerosene oil price has been set at Rs110.26, an increase of Rs10.95 per litre. Furthermore, light diesel oil would cost Rs8.84 extra per litre, bringing the total price to Rs108.35 per litre.
The new pricing are effective today (October 16) and will be in effect for the next 15 days.
Previously, the federal government raised the price of petrol by Rs4 per litre beginning October 1.
The rise in POL commodities was announced a day after the government raised electricity tariffs by Rs1.39 per unit, which will be effective from next month.