ISLAMABAD - The government on Saturday has notified the increase in prices of petrol and LPG.
The Ministry of Finance has issued a statement regarding increase in prices of petrol by Rs 1.71 per litre. The new price to be implemented from August 1 will be Rs119.80 per litre. Kerosene oil was increased by Rs0.35 per litre, after the hike its price will go up from the existing Rs 87.14 per litre to Rs 87.49 per litre. However, the prices of High Speed Diesel(HSD) Light Diesel Oil (LDO) were unchanged. Meanwhile, Oil and Gas Regulatory Authority (OGRA) has issued notification regarding increase in LPG prices. The government has enhanced the LPG prices by Rs9.53 per kg to Rs169.66 per kg. It has also increased the price of LPG cylinder to Rs2002.7 from Rs1889. The decisions of increasing petrol and LPG prices would fuel the inflation rate in the country. Gov't decides hike in existing prices of petroleum products