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Govt increases petrol, diesel prices

The government has revising prices of petroleum products for the next fortnight has increased rupees one in petrol and diesel price.

Briefing newsmen in Islamabad on Wednesday night, Finance Minister Ishaq Dar said the prices of Petrol and High Speed Diesel have been increased by one rupee per liter each. He said the prices of Light Diesel Oil and Kerosene Oil will remain unchanged.

The Finance Minister the government will have to bear a loss of three billion rupees as subsidy for not increasing the prices as proposed by OGRA.