The caretaker government has announced an increase in prices of petroleum products, taking the price of both petrol and high-speed diesel to an all-time high.
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According to a notification of the revised prices issued by the Finance Division, the price of petrol has been increased by Rs. 17.50 per liter while the price of high-speed diesel has been jacked up by Rs. 20 per liter.
The short statement issued by the Finance Division said that the petroleum prices in the international market have increased during the last fortnight and as a result, the consumer prices in Pakistan have been revised.
After the increase, the new price of petrol will be Rs. 290.45 per liter while the price of high-speed diesel will be Rs. 293.40 per liter. At the last fortnightly review of the petroleum prices, the last review under the collation government, the price of petrol was jacked up by Rs. 19.95 per liter while the price of hi-speed diesel (HSD) was increased by 19.90 per liter.
The hike, announced on August 1, took the price of petrol to Rs. 272.95 per liter while the price of HSD jumped to Rs. 273.40 per liter.
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