Government is likely to drop the petrol bomb on the already suffering masses by increasing the prices of petroleum products by up to Rs20 per litre.
On August 15, the government increased the petrol price by Rs6.72 per litre, while slashed diesel price by Rs0.51.
The price of petrol was fixed at Rs233.91 per litre, diesel at Rs244.44 per litre, kerosene oil is being sold for Rs199.40 per litre, and the price of light diesel oil is Rs191.75 per litre.
The finance division in its statement said that in the wake of fluctuations in petroleum prices in the international market and exchange rate variations, the government had decided to revise the existing prices of petroleum products to pass on the impact to the consumers.
