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Petrol-CNG Prices Jacks Up (OGRA)

Posted by on Monday, September 24, 2012, 8:28
This news item was posted in Business category and has 0 Comments so far .

The Oil and Gas Regulatory Authority (OGRA) Sunday notified increase in the price of petrol by Rs1.73 per litre, while price-cuts have been announced in other petroleum products from 24th of September (Monday) under the weekly revision in POL prices, Media News reported.Petrol-CNG Prices

The prices of compressed natural gas (CNG) have also been hiked after the increase in petrol rate because of a set mechanism under which CNG price should be equal to 60% of petrol price.

CNG price in region-I, comprising Balochistan and Khyber-Pakhtunkhwa, has been raised by Rs1.59 to Rs99.28 per kg from Rs97.69 and in region-II, covering Sindh and Punjab, it has been increased by 1.45 to Rs90.70 per kg from Rs89.25.

However, the prices of other petroleum products including high-speed diesel (HSD) has been reduced for the upcoming week.

The price of High Speed Diesel (HSD) has been slashed by 47 paisa per litre. In the previous week too, the diesel price dropped by Rs1.75 per litre following a decline in global oil prices.

The price of kerosene oil has been cut down by Rs3.05 per litre.

The price of High Octane Blending Component (HOBC) has also been slashed by Rs6.06 per litre.

The price of Light Diesel Oil (LDO) decreased by Rs2.10 per litre.

Following the price revisions, petrol from Monday will cost Rs108.45 per litre compared to Rs106.72 earlier, HOBC Rs131.9 per litre compared to Rs137.96, kerosene oil Rs101.63 per litre compared to Rs104.68, HSD Rs113.30 per litre compared to Rs113.77 and LDO Rs97.17 per litre compared to Rs99.27.

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