Petrol cost adult Rs2.49, diesel Rs5.19
DESIGN: ASAD BIN SALEEM
ISLAMABAD: The supervision on Tuesday upheld on to a consumers a full impact of boost in a prices of petrol and high speed diesel in a tellurian market.
It motionless to lift a cost of petrol by Rs2.49 per litre, high speed diesel (HSD) by Rs5.19, kerosene Rs5.19 and light diesel oil (LDO) Rs3 per litre with outcome from Nov 1.
During a past several months, a supervision had been flitting on a prejudiced impact of boost in general prices of diesel and petrol and gripping unvaried a prices of kerosene and light diesel oil.
However, a prejudiced boost in cost of kerosene was done final month. Now, a supervision has given adult a process of creation prejudiced boost in oil prices to yield service to consumers and upheld on a full impact of a travel in a general rates of petrol and diesel.
The wanton oil prices witnessed an boost from $52 per tub to $60 during October. Following this trend of travel in oil prices, a Oil and Gas Regulatory Authority (Ogra) had endorsed an boost of Rs5.19 per litre in a cost of high speed diesel (HSD) and Rs2.49 per litre of petrol for Nov – 6.5% and 3.4% respectively.
According to a operative paper forwarded to a Energy Ministry (Petroleum Division) and a Ministry of Finance, a regulator due an boost of Rs15.99 per litre (33.3%) in cost of higher kerosene and Rs12.63 (27.5%) in light diesel oil.
Following a increase, petrol cost went adult to Rs75.99 per litre from Rs73.50, HSD to Rs84.59 from Rs79.40, kerosene to Rs53.19 from Rs48 and LDO to Rs49 from Rs46.
The supervision was charging 31 General Sales Tax (GST) on HSD and 17% on other petroleum products. The consumers were also profitable Rs8 per litre Petroleum Levy on HSD and Rs10 per litre on petrol.
Article source: https://tribune.com.pk/story/1546410/1-govt-increases-petrol-price-rs-2-49-per-litre-hsd-rs-5-19/