ISLAMABAD: For the second time in 15 days, petrol prices went up – an increase of Rs1.73 on Sunday means petrol is now a staggering Rs108.45 per litre.
On September 16, petrol prices went up by Rs6.82 – bringing the total increase in 15 days to Rs8.55 per litre.
The prices of compressed natural gas (CNG) has also risen after the increase in the petrol rate, because of a set mechanism under which CNG prices are to be equal to 60% of petrol prices.
The price increase was recommended in a summary submitted by the ministry of petroleum and natural resources to the ministry of finance on Saturday for a weekly revision. The new prices take effect from today.
The government notification also included revised prices for other petroleum products.
Prices of other petroleum products, however, including high-speed diesel (HSD), have decreased for this week.
The price of kerosene oil, another important fuel used in remote areas where liquefied petroleum gas (LPG) is not available, has fallen by Rs3.05 per litre. The new price of kerosene oil will be Rs101.63 per litre. Last week, the kerosene price was increased by 62 paisas per litre.
The price of High Octane Blending Component (HOBC), consumed in luxury vehicles, has witnessed a significant cut of Rs6.06 per litre and the new price will be Rs131.90 per litre, a drop from Rs137.96.
The price of light diesel oil (LDO), which is used for industrial purposes, has fallen by Rs2.10 per litre and its new price will be 97.17 per litre.
Similarly, the price of JP-1 has come down by Rs3.04 per litre from Rs94.25 to Rs91.21 per litre. The price of JP-4 has come down by Rs3.69 per litre from Rs86.37 to Rs82.68 per litre. The price of JP-8 has also decreased by Rs3.04 from Rs93.94 to Rs 90.90 per litre.
CNG price in region-I, comprising Balochistan and Khyber-Pakhtunkhwa, will rise to Rs99.28 per kg from Rs97.69 and in region-II, covering Sindh and Punjab, the price will be increased to Rs90.70 per kg from Rs89.25.
Published in The Express Tribune, September 24th, 2012.