Petrol price increased by 4.26 rupees on the other hand diesel by 6.55 rupees. After the price increment, the new price of petrol will be Rs 91.96, while the high-speed diesel price will be 105 rupees per liter.
OGRA has recommended an increase of up to 16.9% in prices of petroleum products for June 2018, because of the increment of petroleum prices in World Market.
The considerable increase in the prices of petroleum products has been announced by the caretaker government on Monday for this month.
According to Finance Division, petrol prices would go up Rs4.26, HSD by Rs6.55, SKO by Rs4.46 and LDO by Rs6.14 per liter.
It was stated that the new prices were increased by only half of what OGRA had originally proposed, with an aim to provide relief to the public during the holy month of Ramadan.
Sale of petroleum products is a major revenue source for the government. At present, two types of taxes are being charged from consumers — petroleum levy and general sales tax. The newly announced prices will be effective till midnight on June 30, 2018.