OGRA elevated HSD and Petrol costs from March 01. PHOTO: PEXELS
The federal government on Saturday raised the costs of petrol by Rs8 per litre and high-speed diesel (HSD) by Rs 5.16 per litre for the following fortnight.
In accordance with a notification issued by the Ministry of Petroleum, the brand new worth of petrol has been set at Rs 266.17 per litre after the rise. In the meantime, HSD has risen to Rs 280.86 per litre.
The revised costs will stay in impact from March 1 to March 15.
Learn Extra: OGRA orders refineries to make sure satisfactory oil reserves as a result of Center East scenario
Excessive-speed diesel is broadly utilized in transport, agriculture and trade, whereas motor spirit is primarily consumed by non-public automobiles and bikes. Subsequently, the rise in each sorts of gasoline will have an effect on each sorts of customers.
Earlier, the Oil and Fuel Regulatory Authority ordered all stakeholders to make sure and guarantee an satisfactory inventory of petroleum merchandise amid the raging battle within the Center East unleashed by assaults of Israel and the USA on Iran that prompted retaliatory strikes.
