Ministry of Finance announced the revised prices late in the night after clearance from caretaker Prime Minister Anwaarul Haq Kakar . The finance division said prices of the two key fuels were raised because petroleum prices in the international market had increased during the last fortnight .
Highspeed diesel would be even more expensive with its price going up by Rs to Rs. per litre . The latest jump in petroleum prices came on the heels of a similar hike by the outgoing government on Aug . This means that fuel prices have jumped by nearly Rs per litle in just days .
The government notification did not announce any change in the prices of kerosene and light diesel oil . The product is mostly used in private transport small vehicles rickshaws and twowheelers and directly affects the budget of middle and lowermiddle class citizens .
According to the latest data inflation measured by the Consumer Price Index CPI basket of goods and services was a little respite compared to July a little . per cent for July but still far higher particularly considering the highbase effect on the high base effect of the high-base effect of petrol and high-octane blending component HOBC and RON research octane number fuel .
The price of petrol now stands pc higher than what it was exactly a year ago Rs. in midAugust and . in midDecember. The government is also charging about £ per litra . The Government is also charged about Rs per cent to petrol and Ron Research octane fuel.
The cost of petrol. in December. The highest in midOctober. The amount of petrol is still far lower than the price of fuel. in the past year. The price. was. in September. in August. was a year. in October.
