The government has decided to increase the petrol from effective September 1, 2017 by Rs 2 per liter to Rs 71.50 per liter.
According to the statement of the finance ministry, the Government has announced the prices of petroleum products for the period starting from 1st September 2017 until midnight to 30th September 2017.
On the basis of the prevailing prices in the international market, OGRA recommended an increase of Rs. 2.35/Litre in the price of MS 92 RON Petrol, increase of Rs. 0.75/Litre in the price of High Speed Diesel (HSD), increase of Rs. 15.79/Litre in the price of Kerosene Oil, and increase of Rs. 12.18/Litre in the price of Light Diesel Oil (LDO), with effect from 1stSeptember 2017.
The Finance Minister discussed the matter with Prime Minister Shahid Khaqan Abbasi. It was decided by the Prime Minister that the prices of High Speed Diesel (HSD), Kerosene Oil and LDO will be maintained at the current level till 30thSeptember 2017.
In the case of MS 92 RON Petrol, it has been decided to increase the price by Rs. 2.00/Litre, with effect from 1stSeptember 2017 until 30th September 2017. The new price of MS 92 RON Petrol will be Rs. 71.50/Litre.