Govt increases petrol price by Rs5.15, fixes at Rs117.83 per liter
ISLAMABAD (92 News) – On the recommendation of the Oil and Gas Regulatory Authority (OGRA), the government has increased the price of petrol by Rs5.15 per liter.
After the increase, the petrol price has risen to Rs117.83 per liter from Rs112.68.
Moreover, the high-speed diesel price has been raised by Rs5.65 per liter. Now it will be sold at Rs132.47. The price of light diesel has been fixed at Rs90.52 per liter.
On the other hand, the per liter price of kerosene oil has been increased by Rs5.38. Now it will be available at Rs103.84 per liter.
The OGRA has calculated ex-refinery sale prices of petroleum products at the standard 17% GST. Average price of crude oil imported by Pakistan State Oil (PSO) in previous three months (April-June 2019) is $65 per barrel.
In its outlook for 2019-20, the World Bank has forecast that crude oil prices will hover around $67 per barrel.