The federal government decided on Sunday to increase the prices of petrol by Rs1.77 per litre and High Speed Diesel (HSD) by Rs2 per litre for the next two weeks.
The decision was announced by Finance Minister Ishaq Dar during a news conference in Islamabad, Radio Pakistan reported. However, the prices of Light Diesel Oil (LDO) and kerosene will remain the same from January 16-31.
Petroleum prices to stay frozen till 16th
According to the finance minister, the treasury will bear the burden of Rs2.75 billion as subsidy for this period on petroleum products.
The price change came two weeks after the government decided on December 31 to revise prices of petrol and HSD on fortnightly basis. It was also decided that the prices of LDO and kerosene oil would remain unchanged for the entire month of January.
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ