By Ali Imran
ISLAMABAD: The federal government on Thursday hiked the price of petrol to more than Rs390 per litre.
Following the revision, the price of petrol has jumped to 390.66 per litre after an increase of Rs3.26 per litre. Meanwhile, the price of HSD has been fixed at Rs399.34 per litre after a decrease of Rs1.01.
According to a Petroleum Division notification, the revised fuel prices will take effect from October 2.
Ogra has also begun publishing daily petroleum prices on its website to improve transparency and allow changes in international oil prices to be passed on to consumers more quickly. Petroleum Minister Ali Pervaiz Malik said the daily prices are based on a seven-day average of international market prices, in line with international practice.
