The federal government will increase petrol worth by Rs10.49 per litre. Picture: file 

ISLAMABAD: The federal government on Saturday introduced an enormous improve within the costs of all petroleum merchandise with quick impact for the subsequent 15 days.

Based on a notification issued by the Ministry of Finance, the costs of petrol and high-speed diesel (HSD) have been elevated by Rs10.49 and Rs12.44 per litre respectively.

The value of kerosene oil has been elevated by Rs10.95 whereas gentle velocity diesel has received costlier by Rs8.84.

“At current, oil costs have risen round $85 a barrel (International Benchmark Brent) highest since October 2018,” learn the notification.

It added that total power chain costs have witnessed a robust surge previously couple of months attributable to larger demand for power spots and provide bottlenecks.

Latest petrol price in Pakistan

Within the present state of affairs, the ministry stated, the federal government has absorbed the strain and supplied most aid to the customers by maintaining Petroleum Levy and Gross sales Tax to a minimal. Due to this fact, costs labored out by OGRA have been authorised.

The brand new costs of petroleum merchandise will probably be efficient from October 16 (right this moment).

From October 16 (right this moment), the brand new worth of petrol will probably be Rs137.79 per litre, high-speed diesel will probably be Rs134.48 per litre.

Whereas kerosene oil will probably be offered at Rs110.26 per litre and light-weight diesel oil at Rs108.35.

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