Price of petrol marginally raised

The federal government on Thursday marginally increased the price of petrol while raising the price of high speed diesel (HSD) by almost Rs4 for the upcoming fortnight, effective from today (Friday).

According to a notification issued by the Ministry of Finance, the price of petrol has been raised by Rs1.35 per liter and the price of diesel has been increased by Rs3.85.

However, the kerosene oil and light diesel oil (LDO) have been slashed by Rs1.48 and Rs2.61 respectively.

With this adjustment, the price of petrol has moved from Rs247.03 per liter to Rs248.38 per liter, and HSD from Rs251.29 per liter to Rs255.14 per liter. Kerosene now costs Rs161.54 per liter, down from Rs163.02, while LDO has dropped to Rs147.51 from Rs150.12.

The adjustment in petroleum product prices has been made in light of fluctuations in oil prices in the international market. Meanwhile, the Oil and Gas Regulatory Authority (OGRA) on Thursday notified Rs2.88 per kg raise in the price of LPG for the month of November.

In a statement, OGRA said the LPG producer price is linked with Saudi Aramco-CP and US dollar exchange rate. Compared to the previous month Saudi Aramco-CP has increased by 1.6 percent.

The average dollar exchange rate has slightly decreased by 0.19 percent resulting in an increase in LPG consumer price by Rs.34.09/11.8 kg cylinder (1.15 percent).

As a result, the price of domestic Rs11.8 kg cylinder has increased by Rs34.09. The new price of LPG domestic cylinder is set at Rs2,999.47 which was Rs2,965.38 in October.