ISLAMABAD – The prices of petroleum products are expected to rise byRs2.50 per liter.
According to the Ministry of Finance on Monday, the government is likely toincrease the prices of petroleum products by Rs2.50 per litre for next 15days.
The Oil and Gas Regulatory Company has recommended the petroleum divisionto raise fuel prices in December. It has sent a summary with higher pricesto the division.
OGRA recommends raising petrol prices from Rs2.55 per litre from December1. High speed diesel should be increased by Rs2.70, it has advised.
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Prime Minister Imran Khan has to approve the higher prices before they comeinto effect.
The Finance Ministry will announce the new prices on November 30. It canalso decide to keep prices at the rate they are currently at.
