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The price of petrol skyrocketed on February 1.

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Effective February 1, 2024, the interim government raised the price of fuel by Rs 13.55 per litre.

A notice sent on Wednesday states that the cost of gasoline has increased by Rs 13.55 per litre to Rs 272.89 per litre. In addition, the price of fuel has increased by Rs 2.75 per litre, to Rs 278.96. On the other hand, kerosene has become somewhat less expensive per liter—by 24 paisa.

Following a 2.3 rupee hike per litre, the current price of light diesel oil is Rs 166.86.

The Oil and Gas Regulatory Authority (OGRA) had already declared a rise in LPG costs. The price of LPG has increased by Rs 17 to Rs 257.60 per kilogramme, according to the latest notice from OGRA.

After the modification, a household LPG cylinder would now cost Rs 3,400. The month of February 2024 will see the implementation of these updated rates.

Amidst shifting global oil prices and economic factors, pricing modifications have been agreed. Both companies and consumers are preparing for the effects of these hikes, which are anticipated to have an impact on everyday spending and transportation costs.

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