According to Oil and Gas Regulatory Authority (OGRA) sources, the price of petrol is expected to be increased by Rs. 5.50 per litre while per litre cost of Diesel is likely to go up by Rs. 6.00.
The price of kerosene is expected to be hiked by Rs. 6.50 per litre and the rate of High Octane Blending Component is likely to rise upto Rs. 10 per litre.
According to analysts, the prices are being revised due to the increase of oil rates in the international market.
Experts have stated that the federal government is collecting additional sales tax.