In a surprise move, the federal government early Wednesday again jacked up the petrol price by Rs1.45, taking it to Rs237.43 per litre for the remaining month of September, said a statement issue by the Finance Ministry.
“In the wake of fluctuating global oil prices and exchange rate variation, the government has decided to revise the prices of petroleum products," it added.
After the revised petroleum prices, there is a decrease of Rs4.26 per litre in the price of Light Speed Diesel (LSD), after which the LSD will now be available for Rs197.28 per litre.
However, the price of High-Speed Diesel (HSD) will remain the same at Rs247.43 per litre.
The Finance division in its notification further said that the price of Kerosene oil has been slashed by Rs8.30 per litre, after which, it will be sold for Rs202.02 per litre.
The new prices will be effective from September 21, the notification added.
KSE-100 index rises by 729 points during intra-day trading
Trump was seen as pro-crypto candidate in his battle with the Democratic Party's candidate Kamala Harris
Tarar says numerous allied countries looking to expand their investments in country
Measures aim to repair municipal balance sheets rather than directly inject money into economy
Domestic consumers will also benefit from discounted rate for additional winter electricity consumption
Energy stocks remain in lime light owing to strong cash flows, payouts, say analysts
