The government has increased the prices of petrol and high-speed diesel (HSD) by Rs0.88 and Rs0.53 per litre, respectively, effective from October 21, according to a press release issued by the Ministry of Energy (Petroleum Division) on Tuesday.
ISLAMABAD, Oct 20 (APP):The government has increased the prices of petrol and high-speed diesel (HSD) by Rs0.88 and Rs0.53 per litre, respectively, effective from October 21, according to a press release issued by the Ministry of Energy (Petroleum Division) on Tuesday.
The price of motor spirit (petrol) has been raised from Rs381.14 to Rs382.02 per litre, while high-speed diesel will now cost Rs389.80 per litre, up from Rs389.27.
According to the press release, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices under the petroleum pricing mechanism issued by the federal government.
The price adjustments were necessitated by global developments, including changes in Platts rates, premiums and incidental costs, the press release said.