The interim government has announced a significant increase in petrol prices, effective from February 1, 2024, with petrol witnessing a surge of Rs 13.55 per liter, reaching Rs 272.89 per liter. This adjustment also reflects in diesel prices, which have risen by Rs 2.75 per liter, now standing at Rs 278.96 per liter. Conversely, the price of kerosene has seen a marginal decrease of 24 paisa per liter.
Furthermore, the price of light diesel oil has been revised to Rs 166.86 per liter after a hike of Rs 2.3 per liter.
In addition to these adjustments, the Oil and Gas Regulatory Authority (OGRA) had previously announced an increase in LPG prices. According to the latest notification from OGRA, the price of LPG per kilogram has surged by Rs 17, reaching Rs 257.60 per kilogram. Consequently, the new price for a domestic LPG cylinder will be Rs 3,400 for the month of February 2024.
These approved price revisions come amidst fluctuating global oil prices and economic considerations. Consumers and businesses are bracing for the impact of these increases, expected to affect transportation costs and daily expenses.