Govt increases petrol price by Re1 for November.

Byline: Tahir Sherani

The federal government on Thursday through a notification issued by the Ministry of Finance announced a Re1 increase in the price of petrol for the month of November.

The price of petrol was increased from Rs113.24 to Rs114.24 per litre, as per the recommendations of the Oil and Gas Regulatory Authority (OGRA).

High speed diesel (HSD) price was increased by Rs0.27 per litre as it went up from Rs127.14 per litre to Rs127.41 per litre.

The prices of kerosene and light diesel oil (LDO) saw a reduction of Rs2.39 and Rs6.56 respectively. Kerosene, this month, will be priced at Rs97.18 and light diesel oil at Rs85.33.

A day earlier, an OGRA official had said that the government will be losing only about Rs650 million if it keeps the prices largely unchanged for next month, but will earn a lot of goodwill at a time when opposition parties are holding big protest rallies.

The government has begun increasing petroleum levy rates to...