Government hikes petrol price by Rs 05 per litre

The government has raised the prices of petroleum products, with petrol going up by Rs5 per litre.

The price of diesel and light diesel have been raised by Rs6.37 and Rs6.48 per litre respectively.

The new price of petrol is Rs97.83 per litre, diesel Rs112.94 and kerosene oil Rs86.50 per litre.

The new price for light diesel is Rs82.84 per litre.

The finance ministry has given approval for the increase in prices and it will be take effect from 12 am on Thursday.

A day ago, the Oil and Gas Regulatory Authority (OGRA) had sent a summary to the Ministry of Petroleum recommending an increase of Rs9 per litre in petrol prices.

According to sources, the body had suggested an increase of Rs13 per litre in diesel prices and Rs6.47 in kerosene oil.

The government on August 30 had reduced petroleum prices by as much as Rs6 for the month of September, according to a notification.

The price of petrol was reduced by Rs2.41 bringing it down to Rs92.83 per litre. High speed diesel price went down by Rs6.37 at Rs106.57 per litre.

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