ISLAMABAD: The government on Tuesday passed on full increase in prices of petrol and high speed diesel following fluctuation in global oil prices effective from November 1, 2017.
During the past several months, the government had been passing on partial increase in prices of diesel and petrol
It had also kept prices of kerosene oil and light diesel oil for several months. However, the government made partial increase in price of kerosene oil last month.
Now, the government has given up its policy of making partial increase in oil prices to provide relief to consumers and passed on full increase in prices of petrol and diesel.
The crude oil prices had witnessed an increase from US$ 52 per barrel to US$60 barrel per day during the month of October.
Following this trend of hike in oil prices, the regulator Oil and Gas Regulatory Authority (Ogra) had recommended an increase of Rs 5.19 per litre I price of high speed diesel (HSD) and Rs 2.49 per litre in petrol effective from November 1,2017 which accounted for 3.4 percent and 6.5 percent per litre respectively.
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from The Express Tribune http://ift.tt/2z0FA3s
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