BusinessPakistan

Govt drops POL bomb on public, price increase over 11pc

The government has dropped yet another POL bomb on the masses, after it increased the prices of petroleum products by up to 11.8 percent for August.

As per the Finance Division the price of petrol had been increased by Rs3.86 per litre and high-speed diesel (HSD) by Rs5.00 per litre. Meanwhile, the rate of kerosene oil has been increased by Rs5.97 per litre and light diesel oil (LDO) by Rs6.62 per litre.

“The government has decided to revise the existing prices of petroleum products in view of rising oil prices in the global market,” explained the finance division.

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