According to Oil Companies Advisory Committee, the oil prices in the international market have continued to rise due to political situation in the Middle East and fear of supply of disruption.
However, to keep the prices affordable for the people, the government has adjusted the prices against petroleum development levy.
The Oil Companies Advisory Committee notified the revised maximum ex-depot sale prices at 29 designated locations effective August 1 as unchanged as under:
Maximum Ex-Depot Sales Price
=================================================
Product Existing Revised Increase/
Rs/Litre Decrease)
Rs/Litre
=================================================
Motor Spirit 36.92 36.92 No Change
HOBC 40.87 40.87 No Change
Kerosene Oil 24.00 24.00 No Change
Light Diesel Oil 21.05 21.05 No Change
=================================================
The prices of High Speed Diesel have been fixed as Rs 24.37 per litre.