ISLAMABAD – The Oil and Gas Regulatory Authority (OGRA) has proposed hikein petroleum products prices from July 1.The regulator has sent a summary to the government for approval proposingincrease of Rs5.40 per liter for petrol.
The OGRA also recommended Rs10.50 for light diesel, Rs12 per liter forkerosene and Rs6.20 per liter for high speed diesel.
The proposal sent also showed that light diesel price might see a jump ofRs10.50 per liter, High Speed Diesel Rs6.20 per liter and Kerosne oil byRs12 per liter.
The Ministry of Finance will announce final price on June 30 to beeffective from midnight
On June 11, few days ahead of Eidul Fitr, the caretaker government hadrevised prices of petroleum products for the current month.
The price of petrol had been increased by Rs4.26, High Speed Diesel byRs6.55, Kerosene Oil by Rs4.46 and Light Diesel Oil by Rs6.14 per litre.
It is pertinent here to mention that the outgoing PML-N government haddecided to keep prices of petroleum products maintained for the month ofJune, rejecting a summary of hike in prices by Oil and Gas RegulatoryAuthority (OGRA).
The authority also recommended an increase of Rs8.30 and Rs11.65 inkerosene oil and diesel oil, respectively.