SLAMABAD: The Oil and Gas Regulatory Authority (Ogra) suggested thecaretaker government to increase the prices of petrol by Rs5.40/litre,diesel 6.2 rupees per litre and kerosene oil by 12 rupees a litre for themonth of July 2018.link#_>

The Regulatory Authority has forwarded a summary to the Ministry of EnergyPetroleum Division that recommended an upward revision in oil prices,sources said. It has suggested Rs5.4/litre (or 5.87pc) increase in petrolprices. If the caretaker government accepts this recommendation, thenpetrol prices would go up from the existing Rs91.96/litre to 97.36 a litre.

The regulator has also recommended increase of Rs6.20/litre (or 5.88pc) inHigh Speed Diesel (HSD) price. HSD is widely used in transport andagriculture sector. With this increase, its price would increase toRs111.51 per litre from the existing 105.31 rupees per litre.

Regarding kerosene, the government has been suggested to increase its pricefrom existing Rs84.34 to Rs96.34 per litre with an increase of Rs12 perlitre (or 14.22 percent). Kerosene is used for cooking purpose especiallyin remote areas where LPG or pipeline gas is not available.

Similarly, light diesel oil (LDO), mainly used for industrial purposes, mayrecord an increase of Rs10.50 (14 percent), meaning the price will go upfrom existing Rs74.99 to Rs85.49 per litre.

The government would take the final decision on Saturday (today). It isworth mentioning that at present, two types of taxes are being charged fromconsumers including petroleum levy and general sales tax.

It is worth mentioning that the caretaker government on June 11 hadincreased petrol prices by Rs4.260 per litre, diesel Rs6.55/litre andKerosene by 4.46 a liter for period June 12 till mid-night of June 30,2018. It had also increased LDO price by Rs6.14/litre.