ISLAMABAD: The federal government on Thursday night hiked the price of petrol by Rs 2.73 per litre for the next fortnight.
The new price of petrol is now Rs275.62 per litre from the previous price of Rs272.89, according to a notification issued by the Finance Division.
The price of high-speed diesel (HSD) has been increased by Rs8.37 to Rs Rs287.33 per litre. However, the price of light-diesel oil (LDO) and kerosene oil remain unchanged.
Prices of both major petroleum products had increased in the global market over the past fortnight and Pakistan State Oil (PSO) also had to pay higher import premiums.
The new prices have been announced after holding consultation with caretaker Prime Minister Anwarul Haq Kakar. The new petroleum prices would come into effect from Feb 16.
Meanwhile, the people have expressed concern over increase in petrol fuel prices.
