Govt approves Rs4.26 per litre hike in petrol price

Govt approves Rs4.26 per litre hike in petrol price

The price of motor spirit has been increased by Rs4.26 per litre up from Rs108.42 per litre to Rs112.68 per litre with effect from June 1 (today).

High speed diesel, which saw the maximum hike, was increased by Rs4.50 to cost Rs126.82 per litre from the previous Rs122.32 per litre.

It added that GST on kerosene oil and light diesel oil has been increased to 17 per cent.

The Notification issued by Ministry of Finance approves pretrol price hike by Rupees Rs 4.26 per litre for the month of June 2019.

The new prices will be applicable from 12:00 am tonight.

ISLAMABAD: By jacking up General Sales Tax (GST) rate on petrol from 12 to 13 percent, the government has increased prices of all petroleum products (POL) just ahead of upcoming Eidul Fitr.

Meanwhile, the prices of Kerosene and light diesel oil were slight increased Rs 1.69 and Rs 1.68 litre respectively.

Earlier last month, the Pakistan Tehreek-e-Insaf (PTI) government dropped its first "petrol bomb" on masses, increasing prices of petroleum products by up to almost 10%. Moreover, the price of light diesel oil (LDO) wold likely to hike by Rs 7.85 while kerosene might see a rise of Rs 12 per litre.

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