OGRA recommends jacking up POL prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended jacking up prices of petroleum products for the month of July. 

As per a summary sent to the Ministry of Energy (Petroleum Division) for approval by the regulatory authority, an increase of Rs5.40 per litre has been recommended in the price of petrol, Rs6.20 per litre in the price of diesel and Rs12 per litre in kerosene oil price.

If the interim government gives go-ahead to an upward revision of prices of petroleum products, the new price of petrol will be Rs97.36 a litre as against the present Rs91.96 and that of high speed diesel Rs111.51 a litre as against Rs105.31.

The price of kerosene oil will soar to Rs96.34 per litre against the existing Rs84.34.

This will be a second increase in prices of petroleum products in less a month as they were revised on June 13 by the caretaker government to keep up with oil prices in the international market.

The price of petrol was increased by Rs4.26 a litre and the revised price of petrol is Rs91.96 a liter.

The price of high speed diesel was raised by Rs6.55 a litre, while the price of light diesel was also increased by Rs6.14 a litre.