Price of diesel goes up; petrol, CNG down
10 September, 2012
ISLAMABAD: Rejecting the proposal of the Oil and Gas Regulatory Authority (OGRA), the federal government on Sunday increased the prices of most consumable POL products by Rs 3.39 per litre, but decreased the prices of petrol by Rs 4.65 per litre and Compressed Natural Gas (CNG) by Rs 4.25 per kilogramme with immediate effect for the next week.
According to the notification issued, the price of high speed diesel (HSD) has been increased by Rs 3.39 per litre, high octane blending component Rs 3.27 per litre, kerosene oil Rs 1.85 per litre, light diesel oil Rs 0.57 per litre, JP-1 11.04 per litre, JP-4 Rs 2.13 per litre, and JP-8 Rs 1.81 per litre. However, the price of petrol has been decreased by Rs 4.65 per litre for next seven days with immediate effect.
After the revision, the price of HSD has been increased to Rs 115.52 per litre from Rs 112.13, HOBC to Rs 136.46 per litre from 133.19, kerosene oil to Rs 104.06 per litre from Rs 102.21, LDO to Rs 99.41 per litre from Rs 98.84, JP-1 Rs 93.67 per litre from Rs 82.63, JP-4 Rs 85.60 per litre from Rs 83.47 and JP-8 Rs 93.36 per litre from Rs 91.55. Moreover, the price of petrol has decreased to Rs 99.90 per litre from the existing Rs 104.55.
Meanwhile, the All Pakistan CNG Association (APCNGA) and the government have agreed to revise the CNG price also. According to a recently agreed mechanism, the price of CNG will be maintained at 60 percent of the petrol price. So, the decrease in price of petrol has caused a decline in the price of CNG of Rs 4.25 per kilogramme in Region-1 and Rs 3.98 per kg in Region-2. The price of CNG has been decreased to Rs 91.47 per kg from Rs 95.72 in Region-1, including KP, Balochistan and Potohar region (Rawalpindi, Islamabad and Gujar Khan); and Rs 83.46 per kg from Rs 87.44 in Region-2, including the areas of Sindh and Punjab (excluding Potohar region).
All Pakistan CNG Association's Chairman Ghayas Paracha has strongly rejected the recent increase in prices of POL products and demanded reversal of the government's decision.
According to reports from major cities, including Islamabad, Rawalpindi, Lahore, Faisalabad, Gujranwala, Karachi, Peshawar, it was revealed that petrol pump owners immediately stopped selling fuel to consumers as soon as they got the news of mixed revision in POL prices.