Hike in POL prices likely from July 16

Islamabad: Oil and Gas Regulatory Authority (OGRA) has sent a summary to the government for increasing petroleum prices from Rs1.50 to Rs5.50 per litre with effect from July 16, Geo News reported.

According to the summery, petrol prices would be raised by Rs1.96 per litre, HOBC by Rs5.64, Kerosene by Rs1.94 and Light Diesel by Rs1.62.

Meanwhile, a proposal of Rs1 per litre cut in the prices of high-speed diesel has also been included in the summery.