Islamabad (Web Desk): Federal government on Wednesday announced to increase prices of petrol and high speed diesel (HSD) by Rs 1 from Thursday.

However, the prices of kerosene oil and light diesel oil (LDO) will remain unchanged.

After the increase, the price of diesel is now pegged at Rs 80.48 per litre while the price of petrol is now Rs 71.29 per litre. The prices of kerosene oil and the LDO will remain Rs 43.25 and Rs 43.34 per litre, respectively. “The government has decided to increase the price of MS-92 RON petrol and the HSD by Rs 1 per litre. This is almost half of the increase recommended by OGRA [Oil and Gas Regulatory Authority],” said Finance Minister Ishaq Dar.