Govt increases petrol price by Rs2.70/litre

ISLAMABAD: The federal government on Sunday increased the price of petrol by up to Rs2.70 per litre for the next 15 days of February 2021, according to a statement released by the Prime Minister’s Office.
According to notification issued by the finance ministry, the petrol price increased by Rs2.70 to Rs111.90 per litre.
With the increase of Rs2.88 per litre, the new price of high speed diesel reached Rs116.07 per litre.
The price of kerosene oil has increased by Rs3.54 to Rs73.83 per litre.
With the increase of Rs3 per litre, the new price of light diesel reached Rs70.86 per litre.
The Oil and Gas Regulatory Authority (OGRA) on Friday had proposed Rs12 per litre hike in petrol price from February 1.
The OGRA had proposed raising Rs10 per litre on high-speed diesel.
Sources prior to the matter said that OGRA has prepared its summary on the basis of a levy of Rs30 per litre. Currently, the levy on petrol is Rs21.56 per litre.
The new prices will come into effect from 12:00 am midnight. – NNI

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