ISLAMABAD: The government is likely to increase the prices of petroleum products by Rs5 per litre from September 1, ARY News reported on Saturday, citing sources.
Informed sources said the Oil and Gas Regulatory Authority (Ogra) has estimated an increase of about Rs5 per litre in the prices of petrol and HSD for the the month of September.
The final decision regarding, increase in the PoL prices will be taken by the federal government on August 31.
On July 28, Economic Coordination Committee (ECC) meeting headed by Abdul Hafeez Shaikh had approved a recommendation for regulating petroleum prices in the country after every 15 days, sources privy to the development said.
Read more: ECC approves mechanism to change petroleum prices after 15 days
Last month, the federal government hiked the prices of petrol and high-speed diesel (HSD) up to Rs5 per litre ahead of Eidul Adha.
The notification for the new prices read that the rate of petrol was increased up to Rs3.86 per litre and Rs5 per litre for high-speed diesel.
