Petrol Price increased Rs3.56 for March, touches three-year high mark

Lloyd Doyle
March 2, 2018

The government on Wednesday hiked prices of petroleum products by as much as Rs6 per litre, according to the Ministry of Finance.

The price of petrol has been increased by Rs3.56 per litre, climbing to Rs88.07 from Rs84.51, and that of kerosene by Rs6.28 per litre, climbing to Rs76.46 from Rs70.18 per litre - the highest since October 2014 due to increased rates in the worldwide market.

The price of Superior Kerosene Oil (SKO) surged by even higher percentage of 8.9 percent.

The price of High Speed Diesel was increased by Rs 2.62 from Rs.95.83 per litre to Rs 98.45 per litre. With an increase of Rs6.28, it rose from Rs70.18 to Rs76.46 per litre.

The new prices will be applicable from 1st of March 2018 till midnight on 31st of March 2018.

Light Diesel Oil (LDO) had been increased by one rupees to Rs65.30 per litre. Ogra had proposed Rs6.94 per litre (7.2 percent) hike in HSD price.

Both petrol and diesel are the most widely consumed petroleum products in the country, particularly in agriculture and transport sectors.

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