ISLAMABAD – Oil prices in the global market have been fluctuating recentlyand Pakistan government will most likely pass on the impact to the generalconsumer.
The Oil and Gas Regulatory Authority (Ogra) has forwarded the summaryto Ministry of Energy (Petroleum Division) proposing an increase of Rs 3.22per liter in petrol prices.
Apart from that, prices of other petroleum products including High-SpeedDiesel, Kerosene Oil might go up as well.
Another reason cited for the price hike is the current devaluation of rupeeagainst dollar.
The regulator has recommended the following increase in prices;
– Petrol price to be increased by Rs 3.22 per liter, currently it stands at Rs 86 per liter. – High-Speed Diesel price to see a hike of Rs 5.02 per liter which will make the new price of Rs 101.47 per liter. – An increase of Rs 6.95 per liter in Light Diesel Oil’s price. Currently, it costs Rs 72.25 per liter. – Kerosene oil’s price will be updated as well. OGRA recommended an increase of Rs 6.97 per liter in its price, currently, it costs Rs 76.46.