Govt hikes petrol price by Rs2.61

ISLAMABAD: The federal government increased on Tuesday the prices of petroleum products with petrol going up by Rs2.61.
The new price of petrol will Rs116.60 per litre, according to a notification issued by the Finance Division.
The price of high speed diesel went up by Rs2.25, taking it to 127.26 per litre.
Light diesel will now be sold at Rs84.51 per litre after an increase of Rs2.08.
The price of kerosene was also increased by Rs3.10. It will now cost Rs99.45 per litre.
The Oil and Gas Regulatory Authority had recommended the increase in prices of petroleum products.
The revised prices will take effect from 12am on January 1.
Agencies add: The Oil and Gas Regulatory Authority (OGRA) has decided to jack up the price of Liquefied Petroleum Gas (LPG) by Rs20 per kilogram for the month of upcoming month of January.
Chairman LPG Distributors’ Association Irfan Khokhar has said that with the increase of Rs20 per kg, the domestic cylinder price will be up by Rs250, while the commercial cylinder will witness an increase of Rs 900.
The new price of domestic cylinder would be Rs1760 and commercial cylinder would be Rs6810.
Due to increase in cold wave across the country, the usage of LPG has saw a great increase due to shortage and low pressure of Sui gas.
On the other hand, Sui Southern Gas Company (SSGC) on Monday had announced that the Compressed Natural Gas (CNG) stations will remain closed in Sindh for further 24 hours.
A SSGC spokesperson had said that the decision was taken owing to the shortage of gas in the system, adding that they were facing difficulties to meet the gas demand of domestic consumers.
He had said that the SSGC’s management is closely monitoring the situation and assured that that the gas supply to the filling stations will be resumed after getting the required pressure and amount of gas for distribution. – NNI

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