Business News: Petrol Price Hiked by Rs13.55 Per Litre

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The per-litre price of petrol has been increased by Rs13.55 and high-speed diesel (HSD) has been increased by Rs2.75 for the next two weeks. The government also raised the price of liquefied petroleum gas (LPG) by Rs1.16 per kilogram for February. The Ministry of Finance announced these changes and said that the new prices are as recommended by the Oil and Gas Regulatory Authority (Ogra). The petrol price has gone up by 5%, while the price of HSD has risen by 1%. The new ex-depot price of petrol is Rs272.89 per litre and the new ex-depot price of HSD is Rs278.96 per litre. The government did not announce the prices of kerosene and light diesel oil (LDO). An official stated that the prices of petrol and HSD had increased in the international market while the rupee had gained against the US dollar. The price of LPG has also been increased by about 0.5% for February.

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