The government, in yet another pre-budget price hike move, increased the prices of fuel with effect from midnight yesterday.
The price of a litre of petrol was increased by Rs. 12, diesel Rs 8 and kerosene Rs. 10.
Accordingly, the new prices of a litre of Octane 90 petrol will be Rs 137, Octane 95 Rs. 155, diesel Rs 84 and kerosene Rs. 73. The government last increased fuel prices on April 1 this year.
In the past two weeks, the government has increased the prices of liquor and cigarettes.
These price increases come ahead of the November 21 budget proposals which are likely to include measures aimed at reducing the country’s import bill and the trade deficit.
The increase in fuel prices will see a rise in the prices of food items and transport costs.
Meanwhile, the Public Utilities Commission will next month decide on new electricity tariffs.