POL prices likely to go up from March 1

ISLAMABAD: All the petroleum products except diesel are likely to be increased from March 01, Geo News reported.

Sources said Oil and Gas Regulatory Authority (OGRA) has prepared summary for hike in the POL product prices on the basis of 27 per cent General Sales Tax (GST) and moved it to Ministry for Petroleum.

Sources said OGRA has proposed Rs5.59/litre hike for petrol, Rs7.32 Kerosene oil, Rs12.62 HOBC and Light Diesel Rs5.50 per litre.

The authority has also suggested Rs5.49/litre decrease in the diesel prices.

The Ministry for Petroleum will forward the summary to the Finance Ministry for a final go-ahead.