Price of petrol raised by Rs2.61 per litre, kerosene by Rs3.10
- Author: Darren Santiago Jan 02, 2020,
Jan 02, 2020, 0:21
The new prices would come into effect from January 1.
As per the notification issued by the government on Tuesday night, the entire increase in the petroleum products has been passed on to consumers. From January, the government will be charging 17 percent general sales tax (GST) on all petroleum products, according to a report in The News.
The OGRA had proposed raising Rs2.25 per litre on high-speed diesel, while Rs3.10 on kerosene oil.
In percentage terms, the petrol price has been increased by 2.29 per cent, diesel 1.8 per cent and kerosene 3.22 per cent as compared to the previous month.
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Still, it is interesting to see how this particular item will be sold in an auction especially on how expensive would this be. The two Japanese companies were planning to launch a new games console consisting of a Super Nintendo with a CD-ROM drive.
Similarly, the price of Light Diesel Oil (LDO) consumed in certain engines used by tube-wells and mills in rural areas has been raised by Rs2.08 to Rs84.51 per litre. It will now cost Rs99.45 per litre. So the final LPG rate for January is Rs151,821.13 per tonne or Rs1,791.48 for each cylinder of 11.8 kg.
The Department of Mineral Resources and Energy has announced a drop in the petrol price, which will see a litre of 93 (ULP and LRP) come down by 4 cents. "The electricity price has been increased from Rs12.81 to Rs17.69 per unit, a rise of around Rs4.8 per unit", a Nepra official said.
The decision finally reveals that the revised tariff works out as Rs17.69/kWh and the total impact amounts to around Rs106 billion.