Islamabad: According to a notice issued by the Ministry of Finance, the Federal Government raised the price of gasoline for the next 15 days in June 2021 by 2.13 rupees per liter on Tuesday.
The government approved an increase of 2.13 rupees per liter for gasoline and 1.79 rupees per liter for diesel. The price of kerosene rose to 1.89 rupees per liter, while the price of light diesel rose to 2.03 rupees per liter.
After an increase, the current price of petrol stands at Rs110.69 per litre, whereas the per-litre prices of diesel, kerosene oil, and light diesel are Rs112.55, Rs81.89, and Rs79.68, respectively.
The new prices will come into effect from 12:00 midnight.
The Oil and Gas Regulatory Authority (Ogra) had proposed a hike in fuel prices by over Rs4 per litre for the next 15 days starting from June 16.
The authorities propose to increase the price of diesel by Rs 3.50 per liter.
It is further discovered that while maintaining the current taxes and fees imposed on these products, fuel prices have risen. Currently, gasoline is levied at 4.80 rupees per liter and diesel is levied at 5.14 rupees per liter.
On May 31st, Prime Minister Imran Khan rejected the oil and gas regulatory agency (OGRA) proposal to increase the price of petroleum products within the next 15 days.