The government on Wednesday increased the price of petrol by Rs5 per litre to Rs272 per litre for the next fortnight, according to a press release from the Finance Division.

“In the last fortnight, Platts Singapore prices registered an increase. This along with a depreciation of Pak Rupee has resulted in an increase of POL (petroleum, oil and lubricant) products in Pakistan,” the press release said.

The new prices will be effective from March 16 (Thursday).

The press release added that the price of high-speed diesel was also increased by Rs13 per litre to Rs293 per litre and kerosene by Rs2.56 per litre to Rs190.29 per litre “by reducing government dues on it”.

“Price of light diesel oil has been kept constant (Rs184.68 per litre) by adjusting government dues as well,” the press release added.

On February 28, Finance Minister Ishaq Dar had announced a reduction in the price of petrol by Rs5 per litre.

More to follow.



from The Dawn News - Home https://ift.tt/FkrHuoT