The federal government on Saturday raised the worth of petrol by Rs8 per liter and that of high-speed diesel (HSD) by Rs5.16 per liter for the following fortnight, in response to a press launch issued by the Petroleum Division.
Following the rise, the worth of petrol has jumped from Rs258.17 to Rs266.17 whereas the HSD worth now stands at 280.86.
In response to the press launch, the federal government has revised the petroleum merchandise’ costs primarily based on the Oil and Gasoline Regulatory Authority’s suggestions.
The brand new costs are efficient from March 1, the press launch stated.
Petrol is generally utilized in personal transport, small autos, rickshaws and two-wheelers and has a direct bearing on the funds of the center and lower-middle class.
Whereas the heavy transport sector runs on HSD, its worth is taken into account inflationary as it’s principally utilized in heavy transport autos, trains and agricultural engines like vehicles, buses, tractors, tube-wells and threshers, and notably provides to the costs of greens and different edibles.
