ISLAMABAD: The government on Thursday increased the prices of petroleum products for the month of April. The price of petrol has been increased by Rs.1.50 and the price of diesel has been increased by Rs.1.40. The change will be effective from the 1st of April 2016.
Speaking to the host of Geo News’ program Capital Talk, Finance Minister Ishaq Dar said that while the Oil and Gas Regulatory Authority (OGRA) had proposed a hike of Rs3.09 in the price of petrol, the government has increased it by just Rs1.50 a litre.
He added, that only the price of petrol and diesel has being increased and no change is being made in the rates of other petroleum products.
After the raise of Rs1.50 a litre, the new price of petrol will be Rs64.47 while the price of diesel has been pushed up to Rs72.52 with a raise of Rs1.40 a litre.
Dar said OGRA in its summary had asked for Rs5.64 raise in per litre rate of kerosene oil but it has been kept unchanged because it is used by people belonging to low-income group.
The prices of High Octane Blending Component (HOBC), light diesel and kerosene oil will remain unchanged for the month of April at Rs72.68, 37.97 and 43.25 a litre.