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[ad_1] The federal government has decided to increase the price of petrol by Rs10 per litre for the next 15 days, Finance Minister Ishaq Dar announced Saturday. In a statement, the Finance Division said the rationale behind a hike in the price of petroleum products was the "increase in petroleum prices in the international market and exchange rate variation". Petrol's price has been increased to Rs282 per litre, while high-speed diesel and light diesel oil rates will remain stable at Rs293 per litre and Rs174.68 per litre, respectively, the statement from the Finance Division read. However, an increase of Rs5.78 per litre has been made to the price of kerosene oil, moving it from Rs180.28 per litre to Rs186.07 per litre. [ad_2] Source link https://worldnews2023.com/business/petrol-price-increased-by-rs10-per-litre-for-next-fortnight-such-tv/?feed_id=306652&_unique_id=666eff5f1fdb2

[ad_1] The federal government on Wednesday reduced the prices of petrol and high-speed diesel (HSD) by Rs2.04 and Rs6.47 per litre, respectively, for the next fortnight. According to a notification from the Ministry of Finance, available with Dawn.com, the new prices of petrol and HSD are Rs281.34 and Rs296.71. Meanwhile, the prices of kerosene oil and light-diesel oil were reduced by Rs6.05 and Rs9.01 per litre, respectively, to Rs204.98 and Rs180.45. Informed officials had earlier predicted that the prices of petrol and HSD would decline by Rs8 to Rs10 per litre each, mainly due to lower prices in the international market. The officials had said that the international prices of both HSD and petrol had fallen over the past two weeks. However, the rupee had depreciated against the dollar during the same period, reducing the benefit of lower international prices for consumers. For price calculations, officials said that HSD had become about $9 per barrel cheaper on average,...