Govt drop petrol bomb by increasing the price of petroleum products

Petrol price increased by Rs 2.61/litre

Ringing in the New Year with petrol bomb

The revised prices will take effect from 12am on January 1.

Pakistanis will feel the pinch of increased petrol prices from today after the Ministry of Finance announced it had accepted a summary of the Oil and Gas Regulatory Authority (OGRA) to raise prices of petroleum products. The government is charging a petroleum levy of Rs18 per litre on diesel, Rs15 per litre on petrol, Rs6 per litre on kerosene and Rs3 per litre on LDO.

The new price of high-speed diesel is Rs. 127.26 per litre.

Kerosene oil is fixed at 99.45 rupees and the price of Light Diesel Oil is 84.51 rupees. Apart from that, petroleum levy is being collected on these products from the consumers. So the final LPG rate for January is Rs151,821.13 per tonne or Rs1,791.48 for each cylinder of 11.8 kg. The price for one liter of super petrol is set at QR 1.90 in January, which also is the same as this month's price. Its new price is Rs99.45 per litre.

The producers' price of LPG (propane 40 per cent and butane 60 per cent) has been determined at Rs90,092.65/ton compared with Rs69,971.31/ton in December 2019. "The electricity price has been increased from Rs12.81 to Rs17.69 per unit, a rise of around Rs4.8 per unit", a Nepra official said.

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