The government on Wednesday jacked up the prices of petroleum products by over Rs5 per litre from Thursday (today) in line with fluctuation in global oil prices and the local currency, according to a statement issued by finance ministry.
According to the notification the per-litre price of petrol goes up by Rs5, HSD by Rs5.01, kerosene oil by Rs5.46 and light diesel oil (LDO) by R 5.92. According to the notification, the new prices will be effective from September 16 (today) till September 30.
Earlier, the Oil and Gas Regulatory Authority (Ogra) had recommended an increase of up to Rs10.50 per litre in the prices of various POL products. In a summary to Petroleum Division, Ogra had recommended Rs10 per litre hike in petrol price, Rs10.5 for HSD and Rs5.5 for both kerosene oil and LDO.
After fresh hike, the petrol price has gone up from Rs118.30 to Rs123.30 per litre. Similarly, the price of HSD goes up to Rs120.04 from Rs115.03 per litre. Kerosene oil goes up to Rs92.26 per litre from Rs86.80, while LDO will now be available at Rs90.69 per litre against the current Rs84.77 per litre.