Petrol price likely to go up
According to sources, Oil and Gas Regulatory Authority (Ogra) is likely to suggest an increase of Rs1.45 per litre in petrol price, Rs1.56 in High Speed Diesel (HSD) and Rs4.20 per litre in High Octane Blending Component (HOBC) price while Light Diesel Oil (LDO) and kerosene oil is likely to decrease by Rs. 1.28 per litre and Rs.1.35 per litre respectively.
At present, the petroleum products prices stand as follows, Petrol at Rs107.97/litre, high speed diesel at Rs109.34/litre, light diesel oil at Rs94.13/litre, HOBC at Rs134.6/litre and kerosene oil at Rs 97.40 per litre.
However, sources informed that Petroleum Ministry considering to keep the petroleum prices unchanged.