It was reported earlier by Autodeals.Pk that Government may be increasing the price of petroleum products in the country owing to the increase in crude oil price internationally. OGRA (Oil and Gas Regulatory Authority) had suggested a raise of Rs.2.49 per liter for petrol and Rs.5.19 per liter for high-speed diesel from November. Plus now as reported the government has issue the announcement to amend the prices of petroleum products.
Starting from the present day, November 1, 2017, the prices have been altered; the worth of petrol sores by Rs.2.49 per liter, and high-speed diesel by Rs.5.19, Kerosene by Rs.5.19 and finally the price of light diesel by Rs.3 per liter. It is relevant to talk about that a number of media outlets were reporting that merely the price of petrol and high-speed diesel would increase and the price of other petroleum products for example light diesel and kerosene oil would stay unaffected. Conversely, the government has altered the prices of all petroleum products. In contrast, the Oil and Gas Regulatory Authority had suggested a boost of Rs15.99 in the price of superior Kerosene oil and Rs.12.63 in the price of light diesel oil, however the government didn’t go with prices planned by the regulatory authority.
The worth of crude oil in internal markets sore up to $60 per barrel from $52 barrel through October.
The following are the preceding price of petrol products:
Petrol Rs.73.50 per liter
High-speed diesel Rs.79.40 per liter
Light-diesel oil Rs.49 per liter
Kerosene oil Rs.49 per liter
The new prices are:
Petrol Rs.75.99 per liter
High-speed diesel Rs.84.59 per liter
Light-speed diesel Rs.49 per liter
Kerosene oil Rs.53.19 per liter
The amplification of the price of petroleum products not only will have an effect on the fares of buses and taxis at the same time it will also put effect on the prices of groceries too.
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