Government Drops a Petrol Bomb ( November Petrol Prices)

ISLAMABAD: The Government has increased petrol prices by Rs5 per litre, diesel prices by Rs6.37 per litre, light diesel by Rs6.48, kerosene oil by Rs3 per litre.

The Government has decided to absorb the substantial impact of the increase in the prices of petroleum products and only partially pass on the increase to the consumers for the month of November.

The decision has been taken to minimize the burden on the public at large.

Based on international prices, the Oil and Gas Regulatory Authority (OGRA), had worked out an increase of Rs. 9.02 litre in the prices of MS (Petrol). However, an increase of Rs. 5.0 only has been allowed by the Government.

Likewise as against the recommended increase of Rs. 13.22 per litre in the price of High-Speed Diesel (HSD), an increase of Rs. 6.37 has been approved.

For Kerosene Oil (SKO) the recommended increase was Rs. 6.47 per litre but the Government allowed an increase of Rs. 3.0 per litre only.

As for Light Diesel Oil (LDO), the recommended increase of Rs. 7.48 has been approved as the tax/lavy on this product is already quite negligible.