By Muhammad Luqman
Pakistan’s government has increased the per litre prices of petroleum for the month of August by Rs. 5.15 to Rs 117.83, the highest ever level in South Asian country’s 72-year history.
On the recommendation of the Oil and Gas Regulatory Authority (Ogra) for the current month (August), the government has also increased prices of High Speed Diesel by Rs5.65. Similarly, the price of kerosene was increased by Rs5.38 and Rs8.90 for Light Diesel Oil (LDO).
The price of petrol rose to Rs117.83 per litre from Rs112.68. Likewise, the rate of HSD was increased to Rs132.47 per litre from Rs126.82.
Similarly, the ex-depot price of LDO has been fixed at Rs97.52 per litre — up the previous rate of Rs88.62. The kerosene price was increased to Rs103.84 per litre from Rs98.46.
Last month, the prices of petroleum products were unchanged, while in same month Pakistan started receiving monthly oil supplies worth $275 million from Saudi Arabia on deferred payment. Under this arrangement, Pakistan would get this oil facility to the tune of $9.9 billion over the next three years.
