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Govt drops POL price hike bomb on people

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ISLAMABAD: Another bomb of a hike in prices has been dropped on the people as the prices of petroleum products have been increased by up to Rs10 effective from Sunday, September 1, Geo News reported.

The Oil and Gas Regulatory Authority (Ogra) has issued a notification to this effect.

According to the notification, the ex-depot price of petrol has jumped by Rs4.64 to Rs109.14 from the previous Rs104.5 per litre.

Diesel has also become more expensive by Rs2.50 to reach Rs112.26 a litre.

The price of light diesel oil (LDO) has also risen by Rs2.31 to Rs98.43 per litre while High-Octane Blending Component (HOBC), after a raise of Rs5.89, will now be sold at Rs138.33 per litre.

Ogra has also revised the price of kerosene oil by Rs4.71 bringing it up at Rs105.99 from a previous Rs101.28 per litre.

On the other hand the price of JP-1, the jet fuel, saw the largest increase of Rs10, which kicked its rate up to Rs99.88 per litre.

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