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Government raises diesel prices by Rs6 per litre, petrol remains unchanged

A worker holds a fuel nozzle to fills fuel in a car at petrol station in Karachi on September 16, 2023. Photo: REUTERS/ File

The federal government has increased the price of high-speed diesel by Rs6 per litre, while petrol prices remained unchanged, the Ministry of Finance announced.

“Diesel prices have been increased by six rupees per litre following recommendations from the Oil & Gas Regulatory Authority (OGRA) and the relevant ministries,” the ministry said. “Petrol prices remain unchanged to ease the burden on consumers.”

Analysts said the increase could affect transportation and logistics costs, potentially pushing up prices of goods and services in the coming weeks.

The revised prices also reflect higher taxes, with consumers paying Rs80.52 per litre in petroleum levy and carbon tax on petrol, and Rs79.51 on HSD.

HSD is widely used in the agriculture and transport sectors, therefore, revision in its price will have a significant impact on consumers.

Petrol is used in motorbikes and cars. It is also considered to be an alternate to the CNG in vehicles especially in Punjab where indigenous gas is not available for the CNG stations. Kerosene oil is primarily used in remote areas, particularly in the northern part of the country, where LPG is not available for cooking purposes.

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