The government on Friday jacked up the price of petrol by Rs1.71 per litre effective from August 1 (Sunday), following fluctuation in the global oil prices. The Finance Division issued a statement in this regard on Saturday.
The decision was made as per the recommendation of Oil and Gas Regulatory Authority (Ogra). The new price of petrol will be Rs119.80 per litre against the current rate of Rs118.09 per litre.
However, there was no change in the price of high speed diesel (HSD). HSD, which is majorly used by the agriculture and transport sectors, will continue to be sold at Rs116.53 per litre.
The price of light diesel oil (LDO) was also kept unchanged at Rs84.67 per liter. The commodity is primarily used by the industrial sector.
The price of kerosene oil was also increased by Rs0.35 per litre to Rs87.49 per litre against Rs87.14 per litre.