Petrol prices likely to increase before Eid
June 29, 2016
ISLAMABAD: The prices of petroleum products are likely to increase soon as Oil and Gas Regulatory Authority (OGRA) has recommended an increase from July 1, sources said on Wednesday.
Sources in the regulatory body told Geo News that a summary in this regard has been submitted to the Ministry of Petroleum.
According to the summary, OGRA has proposed an increase of Rs1.93 per litre on petrol, Rs3.75 per litre on diesel, Rs5.38 per litre on light diesel oil, Rs8.62 per litre on kerosene oil and Rs3.53 per litre on HOBC.
However, a final decision in this regard would be taken by the Ministry of Finance after consultation with Prime Minister Nawaz Sharif.
On April 1, the government had raised the tariffs of petroleum products.
The price of petrol and diesel was increased by Rs1.50 and Rs1.40 respectively.
