The federal government on Saturday increased prices of petroleum products by up to Rs3 per litre.

According to the notification issued by the finance ministry, the federal government has increased petrol price by Rs3.01 per litre, high-speed diesel by Rs3 per litre and price of light diesel was jacked up by Rs3.33.

After the increase, the new price of petrol is fixed at Rs147.83 per litre, HSD Rs144.62. The price of Kerosine oil increased from Rs113.48 to Rs116.48 and light diesel oil from Rs111.06 to Rs114.54.

The sources said the hike in prices of petroleum products has been worked out in light of rising oil rates globally.