KARACHI, July 31: Except for cut in high speed diesel (HSD) and light diesel oil (LDO) prices by 27 paisa and nine paisa per litre respectively, the Oil Companies Advisory Committee (OCAC) on Wednesday increased the prices of petrol by 25 paisa per litre.

The committee has also raised the prices of high octane blending component (HOBC) by 26 paisa, kerosene by 42 paisa, JP-4 by 35 paisa and JP-1 by 38 paisa per litre respectively.

The new ex-depot fixed sale price will be effective from August 1 to 15 at the 29 designated locations, says a press release.

The new price of petrol has been enhanced to Rs33.84 per litre from Rs33.59 per litre, while kerosene will now cost Rs17.64 per litre as against Rs17.22 per litre.

The new rate of HOBC has been fixed at Rs38.33 per litre as compared to Rs38.07 per litre. The new ex-depot prices of JP-4 and JP-1 will be Rs16.19 per litre and Rs12.65 per litre as against previous rates of Rs15.84 per litre and Rs12.27 per litre respectively.

The price of diesel has been decreased to Rs19.08 per litre from Rs19.35 per litre, while LDO prices have been slashed to Rs16.16 per litre from Rs16.25 per litre.

The committee, in a statement, said that the international average FOB product prices increased during the fortnight for motor gasoline, kerosene and diesel. The increase was, however, mitigated by the strengthening of the rupee vis-a-vis the dollar by an average Rs0.52 as compared to the previous fortnight.