Interim government drops second petrol bomb ahead of polls

  • Petrol price raised to Rs99.50 per liter and diesel to Rs119.31 per liter
Pakistan

ISLAMABAD – The caretaker government of Pakistan on Saturday revised prices of petroleum products for the second time in a month, following the increase in the price of crude oil in the global oil market.

On the recommendation of Oil and Gas Regulatory Authority (OGRA), finance division has approved new prices of petroleum products with effect from Sunday July 01.

According to a statement issued by the finance ministry late Saturday, OGRA had proposed increase in the price of Petrol by Rs. 7.54 per litre, HSD by Rs. 14.00 per litre, SKO by Rs 3.36 per litre and LDO by Rs. 5.92 per litre. Due to tight fiscal position, the government decided to pass on the full impact of the increase to the consumers, it added.

Caretaker government hikes petrol price to Rs91.96 per litre

The increase in the petroleum prices is caused due to increase in petroleum prices in international market and depreciation of Pak Rupee against US Dollar.

New price of Motor Spirit (MS) 92 RON Petrol will be Rs 99.5 per litre, while that of High Speed Diesel will be Rs 119.31. Similarly, per litre price of Kerosene Oil and Light Diesel Oil will be Rs 87.7 and Rs 80.9.