business
Thursday May 30 2019
By
GEO NEWS

OGRA recommends Rs8 per litre hike in petrol price: sources

By
GEO NEWS
The government had earlier hiked the petroleum prices by as much as Rs9.42 before the start of Ramzan. — Geo News FILE

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended up to Rs8.99 hike in prices of petroleum products for the month of June, sources informed Geo News Thursday.

The regulator, in its summary forwarded to Petroleum Division, recommended Rs8.53 per litre increase in petrol price, according to sources.

Similarly, a hike of Rs8.99 per litre was recommended in price of high-speed diesel.

The sources said the OGRA recommended Rs1.69 and Rs1.68 increase in prices of kerosene oil and light diesel oil, respectively.

It is pertinent to mention here that the government had hiked the petroleum prices by as much as Rs9.42 before the start of Ramzan.

A final approval pertaining to the fresh hike in prices rests with the federal government.