KARACHI, Aug 15: The price of petrol (MS 87 RON) was increased by 10 paisa per litre to Rs33.94 from Rs33.84 by the Oil Companies Advisory Committee (OCAC) on Thursday.

However, the committee has maintained the price of high speed diesel (HSD) at last fortnight’s level of Rs19.08 per litre.

According to an OCAC’s press release, the price of high octane blending component (HOBC) had been raised to Rs38.40 per litre from Rs38.33 per litre.

The prices of other oil products have been slashed by 0.23 per cent to 1.18 per cent. The ex-depot fixed sale price at 29 designated locations will be effective from August 16-31.

Kerosene price has been cut to Rs17.60 per litre from Rs17.64, while the new price of light diesel oil (LDO) has been fixed at Rs15.97 per litre as compared to Rs16.16 per litre, down by 19 paisa per litre.

JP-4 and JP-1 prices have been reduced to Rs16.10 and Rs12.58 per litre from Rs16.19 and Rs12.65 per litre, respectively.

The OCAC’s press release, however, gave no reasons as to why price of petrol had been increased as well as cut in prices of four main oil products. There was also no word on the rupee-dollar parity and trend of international average FOB product prices during the fortnight as compared to previous fortnight.