Govt jacks up POL prices for second time in a month
PM approves increase of Rs3.20 per litre in petrol, Rs2.95 per litre in diesel
PHOTO: REUTERS
ISLAMABAD:
Following approval from Prime Minister Imran Khan, the government on Friday increased the price of petrol by Rs3.20 effective from January 16, 2021.
The Finance Division announced a hike of Rs3.20 per litre in the price of petrol and an increase of Rs2.95 per litre for highspeed diesel.
Meanwhile, the price of kerosene oil went up by Rs3 per litre and light diesel oil became costlier by Rs4.42 per litre.
Despite the increase, the government claimed that it did not pass on the full impact of global oil prices and the exchange rate to the general public as recommended by the Oil and Gas Regulatory Authority (Ogra).
Govt jacks up prices of POL products
Petrol becomes dearer by Rs3 per litre, HSD by Rs3.01, kerosene Rs5
PHOTO: AFP/FILE
ISLAMABAD:
The government on Tuesday jacked up the prices of petroleum products by up to Rs5 per litre effective from December 16 (Wednesday), following fluctuation in global oil prices. The new prices will remain intact till December 31, 2020.
On Monday, the Oil and Gas Regulatory Authority (Ogra) had sent a summary to the Petroleum Division in which it had proposed an increase of Rs7 per litre in the price of diesel and Rs5 per litre for petrol.
However, the government increased the price of petrol by Rs3 per litre to Rs103.69 per litre from Rs100.69 per litre. Demand for petrol is expected to increase due to the shortage of Compressed Natural Gas in winter.