Petroleum product prices raised

 Khalil-Ur-Rehman

ISLAMABAD (December 01 2009): In line with rising oil prices in the international market, the government has raised the petroleum oil products' prices by an amount ranging from Rs 4.37 per litre to Rs 5.61 per litre in the country for the month of December 2009.

Accordingly Oil and Gas Regulatory Authority has notified new prices of various petroleum products including petrol, kerosene oil, Light-Diesel Oil (LDO) and HOBC here on Monday, while the oil marketing companies (OMCs) have released the increased price of high-speed diesel (HSD) as it is a deregulated product.

While, OGRA announced that the price of petrol has been increased by Rs 4.37 to Rs 66 per litre, HOBC prices are raised by Rs 4.93 to Rs 80.52 per litre, kerosene price raised by Rs 4.76 to Rs 62.63 per litre and the price of Light-Speed Diesel has been increased by Rs 5.25 to Rs 60.22 per litre. The LDO is mainly used to operate mills and tube wells in rural areas. The price of high octane is raised from Rs 75.59 to Rs 80.59, notification added. The OMCs have increased high-speed diesel price by Rs 5.73 per litre to Rs 70.52 per litre for December. The HSD is the most widely consumed petroleum product in the country and the bulk of it is consumed by the transport sector.