- Petrol price expected to increase by Rs5.25 per litre from October 1.
- The price of diesel is expected to move up by Rs3.5 per litre.
- Finance Ministry to take decision after consultations with PM.
The updated price of petroleum products will be announced tomorrow by the government, the Oil and Gas Regulatory Authority spokesperson said on Thursday.
The price of petrol is expected to increase by Rs5.25 per litre from October 1, sources said a day earlier, citing a proposal sent by OGRA to the Finance Division.
According to the sources, the price of diesel is expected to move up by Rs3.5 per litre.
The Ministry of Finance would make a final decision in this regard after consultations with Prime Minister Imran Khan.
The government on September 15 announced a Rs5 increase in the price of petrol “owing to the fluctuations in petroleum prices in the international market and exchange rate variation”.
According to a notification by the Finance Division, besides petrol, an increase in other petroleum products were also enforced starting September 16, expected to last till September 30.
Petrol, with the last Rs5 increase, costs Rs123.30 per litre, whereas high-speed diesel, with an increase of Rs5.01, costs Rs120.04 per litre.
|Product||Existing price (per litre)||Increase (per litre)||New price (per litre)|
|Light diesel oil||Rs84.77||Rs5.92||Rs90.69|
In addition, kerosene costs Rs5.46 more and is priced at Rs96.26 per litre, while light diesel oil became Rs5.92 dearer to cost Rs90.69 per litre.