The government on Friday raised the prices of petroleum products by up to Rs6.62 due to a “rising oil prices trend in the global market”.
According to a notification by the Finance Division, the decision was taken “in view of the rising oil prices trend in the global market”. The price of petrol (motor spirit) has been increased by Rs3.86 to Rs103.97 per litre, it stated.
Whereas, the price of high-speed diesel (HSD) has been risen by Rs106.46 per litre from the existing price of Rs101.46, a rise of Rs5.
Kerosene will now cost Rs65.29 after an increase of Rs5.97 and Light Diesel Oil (LDO) will be priced Rs6.62 higher at Rs62.86.
The new rates will be effective at midnight on July 31.