Reasonable Increase in the Price of Petroleum Products
Reasonable Increase in the Price of Petroleum Products
The Ministry of Finance said in a post on X (Twitter) after midnight.
Reasonable increase in the price of petroleum products, petrol per liter is 26 rupees 2 paise more expensive. By increasing the price of petroleum products, the government made petrol more expensive by 26 rupees 2 paise per liter. In a statement issued by the Finance Division, it was said that in view of the increasing prices of oil in the international market, the government has increased the current price of petroleum products. It has been decided to change the prices. The announcement said that the new price of petroleum products will be applied from September 16, i.e., from today.
Announcement Issued by the Government
According to the announcement issued by the government, the new price of petrol will be Rs 331.38 paise per liter after an increase of Rs 26.2. The price of high-speed diesel has been increased by Rs 17 34 paise per liter and the new price has been fixed at Rs 329.18.
Depreciation of the rupee
Earlier, due to the depreciation of the rupee yesterday and the increase in oil prices globally, it was feared that the prices of petroleum products would rise again this weekend. In the report of the news agency, citing informed sources, it was stated that the prices of the two major petroleum products, petrol, and high-speed diesel, may be increased by Rs 10 to 14 and Rs 14 to 16 per liter, respectively, while the price of kerosene may be increased by approx. 10 per liter may increase.
First time in the History of the Country
Earlier on August 31, the caretaker government announced the second consecutive increase in the price of petroleum products, after which the price of petrol and diesel exceeded Rs 300 per liter for the first time in the history of the country. On August 31, the caretaker government It was not even a month ago, but despite this, the prices were hiked for the second time in a row and during this period, the price of petrol and diesel had increased by Rs 35 per litre.
Caretaker Government had Increased the Price of Petrol and Diesel
Earlier on August 16, the caretaker government had increased the price of petrol and diesel by Rs. 17, 50 paise, and Rs. 20 per liter respectively. When announcing the price hike, former finance minister Ishaq Dar said that the administration has made every effort to burden the public as little as possible. Increase in the global market. He had announced an increase in the price of high-speed diesel by 19 rupees 90 paise and the price of petrol by 19.95. Rupees 272.95.
