Petrol, diesel prices raised

Khaleeq Kiani Published August 1, 2013

ISLAMABAD: The government increased on Wednesday the prices of petrol and diesel by Rs2.73 and Rs3 per litre with immediate effect.

Ministers for finance and petroleum Ishaq Dar and Shahid Khaqan Abbasi at a late-night meeting authorised the oil companies to notify fresh prices.

Except for high-speed diesel, the full impact of international prices and rupee devaluation has been passed on to consumers.

In case of diesel, the government decided to absorb an impact of Rs1.50 per litre by reducing petroleum levy and allowed its prices to go up by Rs3 per litre. Ogra had worked out an increase of Rs4.50 per litre in diesel price.

The ex-depot price of diesel has been raised to Rs109.76 per litre from Rs106.76.

Retail prices are generally higher by 10-40 paisa per litre than ex-depot prices depending on distance from major oil depots.

The ex-depot price of petrol has now been jacked up by Rs2.73 to Rs104.50 per litre from Rs101.77.

The ex-depot rate of kerosene has been raised by Rs4.99 to Rs101.28 per litre from Rs96.29.

The price of high octane blending component (HOBC) has been increased to Rs129 per litre from Rs123.46.

The light diesel oil price has been fixed at Rs96.12 per litre, up by Rs3.95 from Rs92.17.

Pakistan

Khaleeq Kiani is an Islamabad-based reporter for Dawn, specializing in political economy, governance, business, finance, macroeconomics and energy. He can be found on X at @khaleeqkiani.

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Aug 01, 2013 08:32am

had it been PPP government I bet everyone would have lost their mind on these regular price hikes!

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S. Israr Ali

Aug 01, 2013 10:40am

With yet another increase in fuel prices, again an inflationary dose with continued sliding and debasing the national currency apart.There apparently is no change as forces of status quo with change of faces taken over. PML(N) following footprints of its predecessor, PPP, whose policies and actions they never felt tired in criticising and hitting hard. The ultimate victim and sufferers are the state and people of Pakistan with no sunny morning in the hindsight. Blessings of managed democracy!

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Anees

Aug 01, 2013 11:47am

Why do they take pains in announcing it every week? They can do it in a single go like a daily increase of 10 paisas without any announcement over the next five years.

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sardar tayyab haider

Aug 01, 2013 04:38pm

Prices of electricity per unit is also going to increase, price of petrol, diesel, price of flour, sugar, water, cotton, fruits, rice, vegetables, everything come into has high price

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