Government increases price of Petroleum products for June 2019

MG News | May 31, 2019 at 11:55 PM GMT+05:00

0:00

May 31, 2019 (MLN): The government of Pakistan has raised the price of petroleum products by up to Rs.4.50/liter for the month of June 2019.

According to a notification by the Ministry of Finance, the government has decided to pass on 50% of the increase recommended by OGRA for Petrol and High speed diesel, while the full amount recommended by OGRA for Kerosene and Light Diesel Oil will be passed on.

**Summary of Price Increase**
Product	Existing Prices W.e.f (May 2019)	Proposed Increase	Approved Increase	New Prices W.e.f (June 01, 2019)	% Increase
MS Petrol	108.42	8.53	4.26	112.68	3.93%
High Speed Diesel	122.32	8.99	4.50	126.82	3.68%
Kerosene (SKO)	96.77	1.69	1.69	98.46	1.75%
Light Diesel Oil (LDO)	86.94	1.68	1.68	88.62	1.93%

The Prices will be applicable from June 01, 2019 to June 30, 2019.

Copyright Mettis Link News

Related News

Pakistan's OMCs caught in the crossfire

Saudi finance minister departs after Pakistan visit

Key Pakistan Market Stats and Economic Indicators

Name	Price/Vol	%Chg/NChg
KSE100	167,191.38 452.22M	1.01% 1673.87
ALLSHR	99,572.56 854.13M	1.14% 1123.80
KSE30	50,589.37 258.13M	0.84% 420.31
KMI30	242,439.68 214.57M	0.52% 1247.28
KMIALLSHR	65,152.10 464.27M	0.90% 579.98
BKTi	45,989.68 77.65M	1.01% 460.44
OGTi	34,428.33 15.83M	0.36% 122.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,630.00	73,820.00 71,570.00	1340.00 1.85%
BRENT CRUDE	94.26	98.26 94.20	-1.66 -1.73%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	0.10 0.10%
ROTTERDAM COAL MONTHLY	104.00	105.70 104.00	-2.70 -2.53%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	95.63	100.42 95.51	-2.24 -2.29%
SUGAR #11 WORLD	13.76	14.06 13.71	-0.16 -1.15%