Fortnightly review: Fuel prices increase by up to Rs5.64 per litre

New prices come into effect today; HS diesel price unchanged.


Our Correspondent July 15, 2012

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has notified an increase in the prices of all petroleum products, barring high speed (HS) diesel. This increase will take effect from Monday (today).

According to the notification, the price of petrol has increased by Rs1.41 per litre while compressed natural gas (CNG) rates increased by Rs1.29 per kg (1.8 per cent) in both regions. The new price of CNG is now Rs78.65 per kg in Region-1 (Khyber-Pakhtunkhwa, Potohar and Balochistan) and Rs71.92 per kg in Region-2 (Punjab and Sindh).

Ogra recommended the raise in prices of petroleum products which, apart from petrol, increases the prices of High Octane Blending Component (HOBC) by Rs5.64 per litre, kerosene by Rs1.94 per litre and light diesel by Rs1.62 per litre. The price of HS diesel, however, was kept at the existing level. The new price of petrol is Rs85.90 per litre, HOBC at Rs112.52 per litre, kerosene oil at Rs88.19 per litre and light diesel oil at Rs85.33 per litre.

The natural gas sale price to CNG stations has also been increased from Rs618.55 mmbtu to Rs619.45 mmbtu.

Published in The Express Tribune, July 16th, 2012.

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