KARACHI, Aug 31: The Oil Companies Advisory Committee (OCAC) on Saturday increased the prices of all petroleum products by 1.02 per cent to 5.48 per cent. The new prices will be effective from September 1-15, 2002.

The price of petrol (MS 87 RON) has been increased by 1.12 per cent to Rs34.32 per litre from Rs33.94, while the price of High Octane Blending Component (HOBC) has been raised to 38.79 per litre from Rs38.40, up by 1.02 per cent.

Kerosene oil will now be available at Rs18.41 per litre from Rs17.60, showing a rise of 4.60 per cent.

Light diesel oil (LDO) prices have been increased by 4.26 per cent to Rs16.65 per litre from Rs15.97. JP-4 and JP-1 prices have been raised to Rs16.64 and Rs13.27 per litre from Rs16.10 and Rs12.58 per litre.

The OCAC, in a statement, said that during the fortnight there had been a sharp increase in the international prices of all products, which as a consequence made an impact on consumer prices.

The committee said the FOB prices had escalated during the previous fortnight by around 5.2 per cent for petrol and 7.8 per cent for kerosene.

Maximum Ex-Depot Sale Price

Increase/

Product Existing Revised (Decrease) %age

Rs/Litre Rs/Litre Rs/Litre

MS 87 RON 33.94 34.32 0.38 1.12

HOBC 38.94 38.79 0.39 1.02

Kerosene Oil 17.60 18.41 0.81 4.60

Light Diesel Oil 15.97 16.65 0.68 4.26

JP-4 16.10 16.64 0.54 3.35

JP-1 12.58 13.27 0.69 5.48