WASHINGTON: The International Monetary Fund (IMF) has said that it’s still too early to determine whether ongoing discussions with
Petrol, diesel prices raised by Rs3 per litre
ISLAMABAD: The federal government on Tuesday hiked the prices of petroleum products. The new prices will come into effect from December 16.
A notification issued by Ministry of Finance said that the price of petrol has been increased by Rs3 to Rs103.69 per litre while the price of diesel has also been raised by Rs3 to Rs108.44/litre.
The prices of the low speed diesel and kerosene oil have been hiked by Rs5 each to reach Rs67.86/ litre and Rs70.29 respectively.
On Monday, the Oil and Gas Regulatory Authority (OGRA) recommended an increase of up to Rs7 into petroleum prices.
In a summary sent to the Petroleum Division, the Ogra had suggested Rs5 per litre in petrol prices while it has called for increasing diesel price by Rs7 per litre.
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