Petroleum prices likely to go up by Rs2.50 from August 15

Price of petrol in Pakistan raised by Rs1.71 per litre starting August 1

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The government has raised the price of petrol by Rs1.71 per litre, the premier’s aide on political communication, Shahbaz Gill, said on Friday.

According to Gill, the decision was made as per the recommendation of Oil and Gas Regulatory Authority (OGRA). Petrol will consequently cost Rs119.80 per litre, starting August 1.

He said that it was decided that the rate of high speed diesel be kept constant, as a hike in this commodity impacts the “common man and farmers more”. Thus, diesel will continue to be priced at Rs117.53 per litre.

Similarly, the price of light diesel has not changed.

At the same time, starting from August 1st, the price of kerosene will rise by 0.35 rupees, to 85.75 rupees per liter.

There are rumors that OGRA recommends that gasoline prices increase by 1.71 rupees per liter and diesel prices increase by 2.27 rupees per liter.

There are also rumors that it proposes to increase the price of kerosene by Rs 0.35 per litre and the price of light diesel by Rs 0.24 per liter.

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