The Ministry of Petroleum gave a go ahead to the POL price hike under which the price of petrol has been increased by 48 paisa per litre to Rs87.89.
The rate of diesel has been ratcheted up by Rs4.66 per litre to Rs98.81 while the price of Light diesel raised by Rs4.79 a litre to Rs86.78.
The rate of Kerosene oil has been fixed at Rs89.24 per litre.
Earlier, the Oil and Gas Regulatory Authority (OGRA) had proposed no change in the prices of petroleum products, sources said.
The decision of Pakistan Government has come as a shock to many given the fact that government in the neighboring country recently slashed POL prices to provide relief to the masses. According to Indian media, the price of petrol was cut down by 78 paisa across the country.
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