Kerosene will now cost Rs65.29 after an increase of Rs5.97 and Light Diesel Oil (LDO) will be priced Rs6.62 higher at Rs62.86.
Petrol Price has been increased by Rs3.86 and will now cost Rs103.97, compared to old price of Rs 100.11. This fuel is used in remote areas where LPG is not available for cooking objective.
The new prices are effective from August 1 (tomorrow), the first day of Eidul Azha. This fuel is used for industry.
The new rates will come into effect at midnight on July 31.
According to a notification issued by the Finance Division, the government has made a decision to revise the existing prices of petroleum products in view of the rising oil prices trend in the global market.
The government is now charging Rs30 per litre petroleum levy (PL) on petrol and diesel, while Rs6/litre on kerosene and Rs3/litre on LDO.
Wondering where the stocks had gone, he noted the sales of petrol stood nearly at 28 per cent as compared to the corresponding period previous year.
According to a notification, the government has made a decision to revise the existing prices of petroleum products in view of rising oil prices trend in global market.