Petrol price hits new peak with Rs6.82 increase

CNG prices proportionately increased; Light Diesel Oil and High Speed Diesel witness slight decline.

ISLAMABAD:

Only after a week’s respite to the consumers, the government has yet again decided to increase the petrol prices by Rs6.82 per litre, to bring it in line with the global oil prices.

The new oil prices represent the third weekly revision during September.

Following the review, the petrol prices which saw a decline last week will be available at Rs106.72 per litre, reflecting an addition of Rs6.82 to its former price. On the other hand the prices for High Speed Diesel (HSD) will witness a slight decline in its prices. It will be available at Rs113.77 per litre from September 17.

Similarly, kerosene price has been increased to Rs104.68 per litre. The rate of High Octane Blending Component (HOBC), used in luxury vehicles, will also face a hike of Rs1.50, making it available at Rs137.96 per litre.

After the review the Light Diesel Oil (LDO) prices will witness a slight decline. The new prices for LDO will be Rs99.27.

The prices of jet fuels witnessed a surge across the board. The price of JP-1 is increased by Re0.58 per litre taking the price to Rs94.25, JP-4 by Re0.77 making it Rs86.37, and JP-8 by Re0.58 making it available at Rs93.94.

Marking the hike in the petroleum prices, the Compressed Natural Gas (CNG) prices will also face an increase. The new CNG prices in Region-I which includes areas of Khyber-Pakhtunkhwa (K-P), Balochistan & Potohar Region (Rawalpindi, Islamabad & Gujarkhan) will be Rs97.68 per kilogramme (kg) whereas CNG will be available at Rs83.55 per kg in Region-II which includes areas of Sindh and Punjab (Excluding Potohar Region).

Published in The Express Tribune, September 17^th, 2012.