Skip to main content

Petrol, diesel prices go up again

Petrol price, diesel price, OGRA

The government has made a massive hike in petrol and diesel prices after making tall claims of providing relief to the masses, ARY News reported.

A massive hike of Rs26.2 per litre was made on petrol and the new price would be Rs331.38 per litre.

Moreover, Rs17.34 was jacked up on diesel and the new price would be Rs329.18 per litre.

Related: Train fares jacked up after petrol price hike

Within a month, the caretaker government hiked the petrol price by Rs58 per litre and diesel by Rs56 per litre.

Meanwhile, the State Bank of Pakistan (SBP) claimed to gradually reduce the inflation while announcing the new monetary policy.

Economic experts warned of a fresh wave of inflation after the massive hike in petrol and diesel prices.

Last week, the Economic Coordination Committee (ECC) approved increasing the margin of petroleum dealers and oil marketing companies (OMCs).

The caretaker government approved hiking the sale margin of petrol and diesel by Rs3.5 per litre.

The decision was taken in the session of the Economic Coordination Committee (ECC) chaired by Caretaker Finance Minister Shamshad Akhtar earlier in the month, The committee approved hiking the petrol and diesel sale margin for OMCs and dealers.

It was reported earlier that the government was planning to hike petroleum prices as global commodity prices continue to rally.

Related: Caretaker finance minister rules out ‘more subsidies’ in IMF agreements

The Oil and Gas Regulatory Authority (Ogra) was expected to announce new prices on September 15 based on the average international crude oil prices.

On September 1, the caretaker government increased the price of petrol by Rs 14.9 per litre.

The petrol rate had reached to Rs305.36 per litre with the increase of Rs 14.9 per litre, whereas, the price of high-speed diesel (HSD) was increased by Rs18.44 per litre to Rs311.84.



from Latest Pakistan News and Breaking News from All over Pakistan https://ift.tt/uQHo70h
Labels:

Comments

Post a Comment

Popular posts from this blog

PAK-IMF agreement: Govt expected to raise petroleum levy

The government of Pakistan is likely to impose additional burden on citizens by raising petroleum levy to fulfill International Monetary Fund (IMF) terms, ARY News reported on Friday, Citing sources. According to the sources, the federal government is expected to increase the petroleum levy after which the initial electricity tariff will likely to raise Rs 3 to Rs 5 per unit, adding that the gas will also become more expensive for the citizens of Pakistan. The government sources maintained that the federal cabinet will take the decision regarding the increase in electricity tariff. Simultaneously, government sources have also hinted at an anticipated decision to further increase gas prices in the near future. READ: IMF, Pakistan reach $3bn staff-level agreement Furthermore, the sources said that the Oil and Gas Regulatory Authority (OGRA) already sent a proposal to the government to raise gas tariff up to 50 per cent. The confidential sources have stated that the government posse...
Post a Comment
Read more

Gujranwala: Boy kills mother for not buying him new clothes

Gujranwala: A 17-year-old boy murdered his own mother by beating her with a baton, the boy was reportedly mentally ill, ARY News reported.  The boy murdered his mother and injured his sister. According to details, Gujranwala police arrested a boy for murdering his own mother by beating her with a stick, he injured his sister too. The boy is reportedly mentally ill and beat up his mother and sister for not providing him with new clothes. The boy named Ali Haider killed his mother when she did not agree to get him new clothes. Also Read : Gujranwala: Alleged motobike theif dies after mob torture   According to the first information report (FIR), Haider attacked his mother with a stick and hit her multiple times on her head in anger. from Latest Pakistan News Breaking News from All over Pakistan - ARY News https://ift.tt/vrBOjZl
Post a Comment
Read more

Elevate Your Style with a Men's Leather Jacket with Fur Collar

When it comes to timeless fashion, the allure of an original leather jacket is undeniable. These iconic pieces have transcended generations, exuding rugged sophistication and individuality. However, if you're seeking to take your style to the next level, consider a distinctive choice: the Men's leather jacket with fur collar . The Appeal of Original Leather Jackets Original leather jackets have long been celebrated for their durability, versatility, and timeless appeal. These jackets are something beyond clothing; they are an assertion of style, an encapsulation of disobedience, and an image of exemplary cool. Whether you're riding a motorcycle, strolling through the city, or attending a casual gathering, an original leather jacket elevates your look. The Allure of a Fur Collar What sets the Men's leather jacket with fur collar apart is its exquisite detailing.The option of a fur collar not just gives an additional layer of warmth during colder months yet in addition ...
Post a Comment
Read more