Govt jacks up petrol value by almost Rs15 per litre

The Finance Division, in its notification, mentioned that in view of the fluctuations in petroleum costs within the worldwide market and alternate price variation, the federal government has determined to partially apply a petroleum levy, and revise the prevailing costs of petroleum merchandise “as agreed with the event companions.”

The brand new costs will likely be efficient from July 1, 2022.

With the contemporary hike, the value of petrol will likely be Rs248.74/litre, diesel will likely be Rs276.54/litre, kerosene oil will likely be offered for Rs230.26/litre, and the value of sunshine diesel oil will likely be Rs226.15/litre.

The coalition govt, since coming to energy in April, has raised the value of petrol by Rs84. It had first raised the petrol value by Rs30 on Could 26, adopted by one other enhance of Rs30 on June 2. And on June 15, it hiked the value by one other by Rs24 right this moment.