The federal government on Sunday increased oil prices by up to Rs6 per litre for the month of April in line with fluctuation in global oil prices.
In a summary moved to petroleum division on March 29, Oil and Gas Regulatory Authority (Ogra) had proposed that the price of high speed diesel be increased by Rs11. 17 per litre (10 per cent) and petrol by Rs11.98 per litre (12.8 per cent) for April.
The regulator had also requested the prices of kerosene oil to be raised by Rs6. 65 per litre (7.7 per cent) and light diesel oil (LDO) by Rs6.49 per litre (8.4 per cent) for the next month.
The government, however, increased prices of petrol and high speed diesel by Rs6 per litre each, and Kerosene oil and light diesel oil by Rs3 per litre each.
Petrol rates likely to go up by Rs12
The price of diesel prices has been inflated from Rs111.43 to Rs117. 43 per litre, petrol from Rs92.89 to 98.89 per litre, LDO from Rs77. 54 to Rs80.54 per litre and kerosene from Rs86. 31 to Rs89.31 per litre.
The government announced the final decision on Ogra’s recommendation following approval of Prime Minister Imran Khan.
High speed diesel is widely used in agriculture and transport sectors and therefore increase in its price would have direct impact on life of common man due to inflationary impact.
The petrol is used in vehicles. Kerosene is used in remote areas for cooking where LPG is not available. LDO is used in industry.