Govt Increases Petrol Price for Third Time in Just Over 30 Days

The federal government has notified the new prices of petroleum products for the next fortnight.   According to the notification issued by the Ministry of Finance, the price of petrol has been increased by Rs. 1 to Rs. 257.13 per liter while the price of high-speed diesel has also been increased by Rs. 7 per liter to Rs. 267.95. This is the third straight fortnightly increase in the price of petrol. The new prices will be applicable from February 1.  At the last fortnightly review of petroleum price, the government raised the price petrol by Rs. 3.47 to Rs. 256.13 per liter while the price of high-speed diesel was increased by Rs. 2.61 per liter to Rs. 260.95.