Government hikes petrol price by Rs5 for the next fifteen days of March.
On Wednesday night, the government notified an increase in the price of petrol by Rs5 per litre to Rs272 per litre for the next fortnight.
“In the last fortnight, Platts Singapore prices registered an increase. This along with a depreciation of the Pak Rupee has resulted in an increase of POL (petroleum, oil and lubricant) products in Pakistan,” said the press release from the Finance Division.
“The price of high-speed diesel was also increased by Rs13 per litre to Rs293 per litre and kerosene by Rs2.56 per litre to Rs190.29 per litre “by reducing government dues on it,” it added.
“Price of light diesel oil has been kept constant (Rs184.68 per litre) by adjusting government dues as well,” the press release added.
The new prices came into effect from 12am (tonight, March 16) and remain in place till March 31.
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