ISLAMABAD: Following OGRA’s recommendations, the government here on Wednesday announced another price hike in the price of petrol by Rs3.56 per litre in line with fluctuation in global oil prices effective from March 1, 2018.
The new price for Motor Spirit (MS) 92 RON has been increased by Rs3.56 per litre to Rs88.07 per litre from the existing Rs84.51.
The price of high-speed diesel (HSD) which is widely used in the transport and agriculture sectors has also been increased from the existing Rs95.83 to Rs98.45 per litre, registering a hike of Rs2.62 per litre.
The price of superior kerosene oil (SKO) has also been increased from the Rs70.18 to Rs76.46 per litre, registering an increase of Rs6.28 per litre.
Prices of Light Diesel Oil (LDO) have been increased from Rs64.30 to Rs65.30 per litre, with an increase of Rs1 per litre.
The finance ministry in its statement said that OGRA and the ministry of energy had proposed an increase in the price of those products — including Rs6.94 per litre raise in the price of diesel.
However, it was increased by Rs2.62 per litre only for the benefit of the general public.
Following the third price hike in petroleum prices, the new price of diesel (HSD) would be Rs98.45 per litre, Motor Spirit (Rs88.07), SKO (Rs76.46) and LDO would be Rs65.30 per litre.
