Following a fortnight of steady increases in prices, consumers got some relief over the past week when price of petrol was cut by Rs6 per litre, bringing it down to Rs102.45.
In the notification issued by Oil and Gas Regulatory Authority (Ogra) on Sunday, the price of high speed diesel (HSD) was slashed by Rs2.70 per litre.
The price of petrol will rise from Rs102.45 to Rs105.49 per litre. HSD, meanwhile will decrease from Rs113.16 to Rs110.46.
Kerosene rose by Rs0.72, reaching Rs101.95 per litre, while light diesel rose by Rs0.48 to Rs96.70 per litre.
Jet fuels JP-1, JP-4 and JP-8 went up by Rs0.72, Rs0. 44 and Rs0.72 respectively, reaching Rs91.14, Rs82.94 and Rs90.38 per litre respectively.
Following the change in petrol prices, the price of compressed natural gas (CNG) – which maintains 60% parity with petrol prices – will rise by Rs2.78, hitting Rs93.79 per kg in Region I (Balochistan, Khyber-Pakhtunkhwa) and by Rs2.54, hitting Rs85.68, in Region II (Sindh, Punjab).
The prices will be effective Monday onwards.
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Why our government doesnt realise that once the price of fuel goes up, rates of all commodities go up, no matter how much you reduce the rates of fuel next time the prices will still not come down. This is what is causing inflation and making life unbearable.
Man pakistani people are tolerant to price rise...........in India we had a nation wide bandh when price are increased.......increasing gas and petrol price has a cascading effect on all other items...............