Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Government increases price of Petroleum products for June 2019

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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.

 

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Posted on: 2019-05-31T23:55:00+05:00

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