Petrol, Diesel prices in Pakistan to increase drastically

Petrol, Diesel prices in Pakistan to increase drastically
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KARACHI: The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in prices of petrol and diesel by more than Rs 7 and Rs 5 per liter respectively, sources informed Geo News Tuesday.

The OGRA has forwarded a summary of the recommended hike in prices of petrol and diesel by Rs7.10 and Rs5.20 per litre respectively to the petroleum ministry for approval.

On May 1, the government bumped up the prices of petroleum products following the rejection of the state oil and gas regulatory authority's proposal to make an even bigger upward revision.

Economy