Pakistan hikes petrol price by Rs 3, imposes new price

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Pakistan hikes petrol price by Rs 3, imposes new price

Islamabad, Pakistan January 16, ANI As Pakistan hiked its petrol price by Rs 3, it will now cost Rs 147.83 per liter.

An increase in other petroleum products will also be enforced starting January 16, according to a notification by the Finance Division.

The hike in prices was caused by rising petroleum prices in the international market.

The high-speed diesel HSD cost will now be priced at Rs 144.62 per litre. Kerosene will cost Rs 3 more and will thus be priced at Rs 116.48 per liter, while light diesel oil will cost Rs 3.33 per liter, according to Geo News.

The new petroleum prices will come into effect on January 16.

The Oil and Gas Regulatory Authority OGRA had recommended a 5.52 per litre increase in the price of petrol and 6.19 per litre in HSD prices earlier in the day, according to Geo News.