Petrol prices likely to increase by Rs. 5.73 per litre

ISLAMABAD: Oil and Gas Regulatory Authority has recommended the Ministry of Petroleum and Natural Resources to hike prices of petroleum goods by Rs. 5.73 per litre, ARY News reports.

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OGRA, in its summary, has recommended the petroleum ministry to hike per litre price of petrol by Rs. 5.28 per litre and to increase the cost of high octane fuel by 5.73 per litre.

The oil and gas monitory body has suggested the federal government to raise the cost of high speed diesel by Rs. 3.34 whereas the rate of kerosene oil is likely to go up by Rs. 3.89 per litre.

OGRA has also recommended the petroleum ministry to hike the price of light speed diesel by Rs. 2.70 per litre.

Finance Ministry will announce the revised petrol prices on 31st October after Prime Minister Nawaz Sharif’s approval.

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