Updated on
Summary The democratic government has once again raised prices of petroleum products.
Prices of petroleum products have been raised by up to Rs 8.67 per litre. At the same time, LPG price has been raised by Rs 15 per kilogram and CNG by Rs 1.77/kg. Electricity tariff raise of Rs 3.3 a unit as announced in August 2011 has also been passed on to the consumers. A notification from the Oil and Gas Regulatory Authority read that the price of petrol has been raised by Rs 2.75 per litre to Rs 97.66 while the rate of diesel has been kept unchanged at Rs103.46 a litre.The price of light diesel has been increased by Rs 3.08 per litre, kerosene by Rs 4.38 to Rs96.40 per litre and the price of HOBC has been raised by Rs 8.67 to Rs 126.87 a litre.The new rates of POL products would take effect from Wednesday midnight, on March 1.Meanwhile, the rate of CNG has been increased by Rs1.77 a kilogram.Electricity tariff has been raised by 39 percent under fuel adjustment with effect from August 2011.Earlier, a report said that NA Standing Committee recommended keeping diesel prices unchanged for four months.A special session of the NA Special Committee was held to review petroleum products price under chairmanship of Naveed Qamar in Islamabad.While talking to the media after the meeting, Naveed Qamar said that the government has decided not to impose raise of Rs 2.80 on consumers, adding that the federal government would subsidise diesel price by Rs 8 a litre till June. The provinces would also be requested to play their role in this regard, he said.He said that current diesel price would be kept stable till June, the budget month. But sources said the government would raise prices.It is worth mentioning that the OGRA had increased petrol price by Rs 5 while the price of high diesel by Rs 4.64 on February 01.After that, the National Assembly had formed the special body to review recommendations on oil prices.
