Another increase in the petrol prices

Another increase in the petrol prices.

The petroleum prices continue to rise in the local market as the government once again increased the prices of petrol by Rs2.98 and High Speed Diesel (HSD) by Rs5.92 for the month of February, 2018.

The price of High Speed Diesel has been increased by Rs5.92, from Rs89.91 per liter to Rs95.83.The product is widely used in transport and agriculture sector and therefore, increase in its price would lead to hike in inflationary rates. The transport fares will be increased by the transporters to shift the burden of this increase on to the passengers and consumers.

Petrol was increased by Rs2.98 per litre from existing Rs81.53 to Rs84.51 per litre. The price of kerosene oil has been increased by Rs5.94 per litre from Rs64.32 to Rs70.26 per litre. The kerosene is being mixed in high speed diesel and therefore, the product had been facing shortage in local market.

The price of Light diesel oil (LDO) has also been increased by Rs5.93 from Rs58.37 to Rs64.30 per litre.

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