Govt hikes petrol prices by Rs26

By MG News | Category Economy | September 16, 2023 at 12:08 AM GMT+05:00

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September 16, 2023 (MLN): The caretaker government on Friday hiked the petrol and High-Speed Diesel (HSD) prices by Rs26.02 and Rs17.34 per litre to Rs331.38 and Rs329.18 per litre, respectively, according to the notification issued by Ministry of Finance.

The ministry attributed this notable surge to the increasing trend of prices of petroleum products in the international market.

The new prices are effective from September 16, 2023.

To note, earlier on September 01, the government hiked the petrol and HSD prices by Rs14.91 and Rs18.44 per litre to Rs305.36 and Rs311.84 per litre, respectively.

This takes the cumulative increase to a staggering Rs40.93 per litre for petrol prices in this month alone.

This marks the fourth consecutive hike, to recall, in the month of August, petrol prices saw an upward revision of Rs37.4 per litre.

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