The hike in prices of petroleum products, which will be effective from Sunday, ranged between Rs1.80 and Rs9.32 per litre.
The price of high speed diesel (HSD), which is consumed by heavy vehicles and electricity generators, was raised to Rs97.31 — an increase of Rs4.42.
The price of HOBC went up by Rs1.80 to Rs99.92 per litre and that of petrol by Rs4.85 to Rs88.41. Kerosene price jumped by Rs5.60 to Rs89.70 and that of light diesel oil (LDO) by Rs9.32 to Rs88.30 per litre.
A spokesman for the Oil and Gas Regulatory Authority said the automatic adjustment in oil prices in line with the global prices was in accordance with the law and policy laid down by the government.
He said the government could no longer afford to subsidise petroleum products.
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