Islamabad: The federal government announced on Sunday that it will increase the prices of petroleum products, with gasoline prices rising by Rs 2.70 per liter.
In view of the rising trend of oil prices in the global market, the government has decided to revise the existing prices of petroleum products.
According to the notice, the price of gasoline has increased from Rs 109.20 per liter by Rs 2.70 to Rs 111.90 per liter.
The price of high-speed diesel (HSD) has been increased from Rs 112.95 per liter to Rs 115.83 per liter.
In addition, the price of light diesel has been increased by 3 rupees from the previous 76.23 rupees per liter to 79.23 rupees per liter.
Similarly, the price of premium kerosene increased by Rs 3.54 from the previous Rs 76.65 per liter to Rs 80.19 per liter.
The new price will take effect from February 1, 2021 for a period of 15 days.
The Oil and Gas Administration (OGRA) proposes to increase gasoline prices by 13.18 rupees, high-speed diesel and kerosene by 12.12 rupees and 11.10 rupees. Regulators also proposed to increase the price of light diesel oil by Rs 6.62 per liter, effective from February 1.