Mubashar Naqvi
Muzafarabad
The government on Friday increased the prices of all petroleum products and now one litre of petrol will cost Rs 100.10 after an increase of Rs25.58 for month of July.
The increase in price of petrol would be effective immediately.
According to a notification issued by the Finance Division the price of petrol has been increased from existing Rs74.52 to Rs100.10 per litre.
The price of diesel has gone up to Rs101.46 from existing Rs80.15 with an increase of Rs21.31 per litre.This fuel is used in agriculture and transport sectors and, therefore, increase in its price would affect these sectors and inflation would go up.
The price of kerosene oil has been hiked by Rs23.50 per litre from current Rs35.56 to Rs59.06 per litre. This price is used in remote areas where LPG is not available for cooking purpose.
The price of light diesel oil goes up by Rs17.84 from Rs38.14 to Rs55.98 per litre.This fuel is used for industry. After the increase, the government will continue charging Rs30 per litre petroleum levy on petrol and diesel, Rs6 per liter on kerosene oil and Rs3 per litre LDO.
The decision to revise the prices of petroleum products upwards was taken “in view of the rising oil prices trend in the global market”, the brief statement issued by the Finance Division said.
