ISLAMABAD: PTI government through a notification issued by the Ministry of Finance announced Re1 increase in the price of petrol for the month of November 2019.
The price of petrol was increased from Rs113.24 to Rs114.24 per litre, as per the recommendations of the Oil and Gas Regulatory Authority (Ogra).
High speed diesel (HSD) price was increased by Re0.27 per litre as it went upfrom Rs127.14 per litre to Rs127.41 per litre.
The prices of kerosene and light diesel oil (LDO) saw a reduction of Rs2.39 and Rs6.56 respectively. Kerosene, this month, will be priced at Rs97.18 and light diesel oil at Rs85.33.
Petrol and HSD are the products that generate much of the revenue for the government due to their massive and yet growing consumption in the country.
About 800,000 tons of HSD are sold every month in the country against a monthly consumption of around 700,000 tons of petrol. The sales of kerosene oil and LDO are generally less than 10,000 tons per month.