The government on Thursday approved a increment in costs of petroleum items from March 1st to pass on the impact of higher international prices to consumers.
Oil and Gas Regulatory Authority (Ogra) proposed a hike in the cost of petroleum items – eminently that of diesel by Rs9.44 per liter and oil by Rs4.71 per liter.
The controller likewise suggested the cost of kerosene oil be raised by Rs8.06 per liter and light diesel oil (LDO) by Rs5.12 per liter.
The government, however, chose to increase the cost of petroleum and diesel by Rs 2.50 per liter and Rs 4.75 per liter respectively.
Diesel is generally utilized in farming and transport segments and consequently an expansion in its cost would influence the life of the normal man.
The cost of high-speed diesel and petrol will remain at Rs111.43 and Rs92. 88 against Rs106.88 and Rs90.38 per liter respectively.
The government likewise climbed cost of Kerosene oil by Rs4 per liter and Light Diesel Oil by Rs2.50 per liter.
The costs of these two petroleum items have been expanded from Rs82.31 to Rs86.31 and Rs75.03 to Rs77.53 per liter respectively.
Kerosene oil is utilized for remote areas like northern pieces of the nation for cooking reason where LPG was not available. The LDO is utilized for modern purposes.