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Home Business Ministry of Finance approves hike in fuel prices

Ministry of Finance approves hike in fuel prices

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ISLAMABAD – Ministry of Finance approved the hike in fuel prices on Tuesday and the new rates of petroleum products will be applicable from November 1 onwards.

The petrol price has been raised by Rs 2.49 and it is now priced at Rs 75.99 per litre. Diesel price has gone up by Rs 5.19 on every litre.

Changes in prices of kerosene oil, light diesel and high speed diesel have also been made. The price of Kerosene oil has been raised by Rs 5 and its new rate is Rs 53/litre.

The hike in rate of light diesel is Rs 3 after which its new price is Rs 49 per litre. The new price of high speed diesel is Rs 84.59/litre.

It was earlier reported that rising crude oil price in global markets might prompt the Pakistani government to increase prices of domestic petroleum products by Rs 1 to Rs 2.50 per liter from November 1, 2017. OGRA had sent a summary to the Ministry of Finance for revision in petroleum prices in this regard.

2017-11-01

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