Petrol prices hiked Rs14 per litre during one month

Petrol, price, 59 paisa per litre, diesel
01 Jul, 2018 12:06 pm

ISLAMABAD (92 News) – In a major blow to the consumers, the caretaker government has increased oil prices up to Rs14 per litre for the month of July.

As per details, the prices of petrol has been increased by around Rs7.5 per litre. The move has been approved by the Oil and Gas Regulatory Authority. Petrol will now be sold at Rs99.50 per litre after an increase of Rs.7.54.

The price per litre of high speed diesel has been revised to Rs119.31 after an increase of Rs14. The cost of light diesel is now Rs80.91 per litre after a hike of Rs5.92. The cost of kerosene has been set at Rs87.7 per litre.

The consumers were paying Rs22.44 per litre taxes on petrol. The government was collecting Rs2.59 per litre custom duty, 9.85 per litre GST and Rs10 per litre petroleum levy on petrol.

The government was collecting Rs9.04 per litre GST and Rs6 per litre petroleum levy on kerosene oil. The consumers were paying Rs6.19 per litre GST and Rs3 per litre petroleum levy on the LDO.

Consumers’ criticism

The consumers had criticised the move to raise petroleum prices. They had expressed concerns and consequences after hiking the price of petroleum products.

Considering the increasing prices of petrol as another economic burden on the masses, they said that the prices of things also will be hiked due to increase the petroleum prices. The commented as saying that the government increased the prices of petrol every coming days.



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