Petrol price likely to go up by Rs1.71 per litre

ISLAMABAD: The government is likely to jack up the price of petrol by Rs1.71 per litre, ARY News reported, citing sources.

The Oil and Gas Regulatory Authority (Ogra) has forwarded a summary to the Petroleum Division seeking revision of fuel prices for a fortnight from August 1.

The new prices of petroleum products will be announced following approval of Prime Minister Imran Khan.

The sources disclosed that the regulator recommended an increase of Rs1.71 in per litre price of petrol. It suggested an increase of Rs0.35 and Rs0.24 in per litre rate of kerosene oil and light speed diesel, respectively.

Also Read: PETROL BEING SOLD AT ‘RS700′ PER LITRE DUE TO TOURISTS’ INFLUX IN NORTHERN AREAS

The Ogra, however, called for a Rs2.27/litre cut in the price of high speed diesel (HSD).

On July 15, the federal government had green-lighted a hike in prices of petroleum products for a fortnight.

The government approved a Rs5.40 per litre hike in the price of petrol, Rs2.54 in that of high speed diesel (HSD), and Rs1.27 per litre increase in the price of light diesel.

It approved an increase of Rs1.39 per litre in the rate of kerosene oil. The new rates will be effective from July 16.

The post Petrol price likely to go up by Rs1.71 per litre appeared first on ARY NEWS.



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