petrol price hike

The federal government has announced an increase in all petroleum products for the month of August.

Sources have shared that the government has approved of all suggestions and recommendations presented by the Oil and Gas Regulatory Authority (Ogra).

In the most recent updates, the government has increased the prices as followed:

  • Petrol – Rs. 5.15
  • High-Speed Diesel – Rs.5.65
  • Kerosene – Rs.5.38
  • Light Diesel Oil – Rs.8.9

Furthermore, the price of crude oil has dropped by 12% in the Arabian Gulf from $72 to $63 per barrel. However, the government has been increasing taxes.

As per Dawn, the ex-depot rate of HSD to Rs132.47 per litre, from Rs126.82, showing an increase of about 4.45pc.

Likewise, the government increased the ex-depot price of petrol to Rs117.83 per litre from Rs112.68 — up about 4.6pc.

The ex-depot price of LDO was fixed at Rs97.52 per litre — up more than 10pc over the previous rate of Rs88.62. The kerosene price was fixed at Rs103.84 per litre, showing an increase of about 5.5pc over the previous rate of Rs98.46.

What do you think about the increase in petrol prices?

Stay tuned to Brandsynario for more news and updates.

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