Government increases Price of Petroleum products by Rs.3 to Rs.6.37

MG News | October 31, 2018 at 11:06 PM GMT+05:00

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The Government has decided to absorb the substantial impact of increase in the prices of petroleum products and only partially pass on the increase to the consumers for the month of November. The decision has been taken to minimize the burden on the public at large.

Based on the international prices, the Oil and Gas Regulatory Authority (OGRA), had worked out an increase of Rs. 9.02 per litre in the price of MS (Petrol).

However, an increase of Rs. 5.0 only has been allowed by the Government. Likewise as against the recommended increase of Rs. 13.22 per liter in the price of High Speed Diesel (HSD), an increase of Rs. 6.37 has been approved. For Kerosene Oil (SKO) the recommended increase was Rs 6.47 per litre but the Government allowed an increase of Rs.3.0 per litre only. As for Light Diesel Oil (LDO), the recommended increase of Rs.6.48 has been approved as the tax/levy on this product is already quite negligible.

The prices for the month of November 2018 are as under:

**Petroleum Prices for November 2018**
Product	New Prices w.e.f. Nov 01, 2018
MS (Petrol)	97.83
High Speed Diesel	112.94
Kerosene (SKO)	86.50
Light Diesel Oil	82.44

The prices shall be applicable from 1st of November to 30th November 2018.

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