Petrol, diesel prices to remain unchanged January

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The new price of high-speed diesel is Rs. 127.26 per litre.

The revised prices will take effect from 12am on January 1. Currently, the government is charging Rs18 per liter petroleum levy on high speed diesel, Rs15 on petrol and Rs6 on kerosene.

Qatar Petroleum (QP) today announced the petrol and diesel prices for January.

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The price of illuminating paraffin (wholesale) will increase by 5 cents per litre, while that of illuminating paraffin (SMNRP) go up by 7 cents a litre.

Earlier, the Oil and Gas Regulatory Authority (OGRA) suggested that petroleum price products should increase by up to 3.2%. Its new price is Rs99.45 per litre.

It mainly used in transport and agriculture sectors. So the final LPG rate for January is Rs151,821.13 per tonne or Rs1,791.48 for each cylinder of 11.8 kg.

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A spokesperson for K-Electric said that the tariff adjustments were mainly on account of increased furnace oil price, gas prices and swapping of local gas with RLNG by the SSGC and were in line with the approved tariff adjustment process.

This price included excise duty of Rs85/ton, while excluding the petroleum levy.

In a statement issued on Tuesday, Nepra said the authority, based on the information, data and record provided by K-Electric, approved the quarterly adjustment claims of the power utility for the period Jul-Sept 2016 to Jan-Mar 2019.

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