The government suddenly announced the new petroleum product pricing in the early hours of Wednesday after a six-day delay, increasing the price of gasoline by Rs1.45.
On Wednesday, the notification of updated pricing was released around midnight, per standard practice.
The Finance Division’s letter arrived two hours later at 2:00am.
According to estimates made by the Oil and Gas Regulatory Authority, the price of diesel per liter would be raised by around Rs2, while the price of petrol would be decreased by Rs7.
Local media reports suggest that the delay gave rise to rumours that the government was helping petroleum dealers sell their current inventory that they had purchased at higher prices over the previous two weeks.
According to the announcement, the price of petrol has increased from Rs235.98 to Rs237.43.
High-Speed Diesel (HSD) is sold at the same price of Rs247.43. Kerosene’s price has dropped from Rs210.32 to Rs202.02, a reduction of Rs8.30.
The cost of light diesel oil has decreased by Rs4.26, from Rs201.54 to Rs197.28.