Govt hikes petrol price by Rs9.66/litre
Ahead of Eidul Fitr, the newly elected government on Sunday hiked the price of petrol by Rs9.66 per litre for the next fortnight. In an announcement before midnight, the Ministry of Finance said the new price of petrol would go into effect on April 1, as recommended by the Oil and Gas Regulatory Authority (Ogra). The new price of petrol is now Rs289.41 per litre from the previous Rs279.75 per litre, while the price of high-speed diesel (HSD) has decreased by Rs3.32 to Rs282.24 per litre. The ministry said the changes were due to a corresponding rise in petrol prices and a decrease in HSD prices in the international market. It added the change was in line with the government’s policy of passing on price variations in the international market to the domestic market.