Govt increases petrol price by Rs25.58

LAHORE:The federal government on Friday announced an increase in the prices of petroleum products with a Rs25.58 per litre increase in the price of petrol.

“The Government has decided to revise the existing prices of petroleum products in view of the rising oil prices trend in the global market,” said a press release issued by the Finance Division.

According to the press release, the price of petrol has been increased by Rs25.58 to Rs100.10 per litre from its previous level of Rs74.52 per litre.

Price of High Speed Diesel (HSD) has been increased by Rs21.13 to Rs101.46 per litre, from its previous level of Rs80.15 per litre.

Moreover, the price of Light Diesel Oil (LDO) has been increased by Rs17.84 to Rs55.98 per litre, from its previous level of Rs38.14 per litre.

Similarly, the price of Superior Kerosene Oil (SKO), has been increased by Rs23.50 to Rs59.06 per litre, from its previous level of Rs35.56 per litre.

The new prices are to be effective from June 26, 2020.

Earlier on May 31, the government had reduced the price of petrol by Rs7.6 per liter in response to decrease in international oil prices.