Govt increases petrol price by Rs 3.20/litr.

ISLAMABAD: The government on Friday announced to increase the prices of petrol, diesel and other petroleum products for the remaining two weeks of January.

Prime Minister Imran Khan approved an increase of Rs3.2 per litre in the price of petrol, a little over a third of what the Oil & Gas Regulatory Authority (Ogra) had sought. He also approved an increase of Rs 2.95 per litre in the price of high-speed diesel (HSD). Additionally, the prices of kerosene and light diesel oil were also increased by Rs3 per litre and Rs4.42, respectively.

This is the third time in four weeks that fuel prices have been increased. On December 15, the ex-depot prices of HSD and petrol were increased by Rs3 per litre while the prices of kerosene and LDO were raised by Rs5 per litre. Then on December 31, the price of petrol was increased by another...