After a delay of 6 days, the government finally issues the notification to revise prices of petroleum products. According to which the Petrol price increased by Rs 1.45.
The official procedure is that the notification of revise prices is issue around 12 midnight. But this time notification was issued by the finance division at around 2 am after a delay of 2 hours.
According to the notification, the price of petrol has been increased from Rs 235.98 paisa to Rs 237.43 paisa. The price of high speed diesel is maintained at Rs 247.43 paisa.
Apart from this, the price of kerosene has reduced by Rs 8.30 from Rs 210.32 to Rs 202.2.
The price of light diesel oil has been reduced by Rs 4.26 from Rs 201.54 to Rs 197.28.
The price revision was supposed to be done after September 15, but the Muslim League (N)-led coalition government remained in a quandary over the issue.
The delay gave rise to rumors that the government was facilitating petroleum dealers to sell existing inventories bought at higher rates during the last 15 days.
It should be noted that according to the estimates of the Oil and Gas Regulatory Authority (OGRA), the price of diesel per liter was to be reduced by Rs. 2 and the price of petrol by Rs. 7.