Bloomberg News

Pakistan Raises Domestic Fuel Prices as Global Rates Increase

December 01, 2011

Dec. 1 (Bloomberg) -- Pakistan raised domestic fuel prices by as much as 5.8 percent to bring them in line with international oil prices.

The price of high-speed diesel was raised by 4.67 rupees ($0.05) a liter to 98.94 rupees a liter, the Islamabad-based Oil & Gas Regulatory Authority said in a statement on its website. The price of gasoline was increased to 87.89 rupees a liter from 87.41 rupees a liter, the statement said.

--Editor: Naween Mangi

To contact the reporter on this story: Haris Anwar in Dubai at hanwar2@bloomberg.net

To contact the editor responsible for this story: Naween Mangi at nmangi1@bloomberg.net


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