The government on Sunday approved raise in fuel prices effective from July 1.
Sources said a summary forwarded to the Finance Ministry by the Oil and Gas Regulatory Authority (OGRA) proposed Rs 2.66 per litre hike in petrol price.
The summary has been approved. The new prices would be effective from 12am on Monday (today).
The government approved a Rs 2.66 raise in price of petrol; Rs 3.66 high speed diesel; Rs 3.04 light speed diesel; Rs 2.50 kerosene oil; and Rs 2.36 high octane.
The new per litre price of petrol is Rs 102.43; high speed diesel Rs 92.17; kerosene oil Rs 90.29 and high octane Rs 126.77.
The ministry has also approved a raise in compressed natural gas (CNG) prices; following a 9 percent increase in General Sales Tax (GST) on the commodity.
According to sources, the CNG price in Region 1 (Potohar, Khyber Pakhtunkhwa and Balochistan) has been increased by Rs 2.54 to Rs 75.48 per kg.
On the other hand, CNG price in Region II (Sindh and Punjab) has been raised by Rs 1.85, after which new price will be Rs 66.75 per kg.
Government approves hike in fuel prices
