The government keeps petrol and diesel prices unchanged for the last 15 days unchanged.
However, the price of Kerosene is increased by Re0.81/litre and Light Diesel Oil (LDO) by Rs1.10 a litre to be effective from today (Aug 16).
A notification issued by the Finance Ministry said that with this increase, the new prices of Kerosene will be Rs88.30/litre and LDO at Rs85.77/ litre.
Whereas, the price of petrol and diesel will remain unchanged at Rs119.80 and Rs116.53/litre respectively.
According to the sources, the Ministry of Finance took the final decision to change the price of petroleum products after consultation with Prime Minister Imran Khan.
The Oil and Gas Regulatory Authority (OGRA) had sent a summary to the Petroleum Division, seeking an increase in the rates. It was expected that the rates would go up, however, the price of petrol and high-speed diesel remained unchanged.