Govt likely to hike prices of petroleum products by Rs7 per liter

New prices will be announced tomorrow after the approval of Prime Minister Imran Khan.

ISLAMABAD (Dunya News) – Federal government is preparing to increase the prices of petroleum products by Rs7 per liter. The Ministry of Finance will announce the new prices. The new prices will be effective for 15 days.

According to the summary sent by the Oil and Gas Regulatory Authority (OGRA) to the Petroleum Division, it has been proposed to increase the price of high speed diesel by Rs 7 per liter and petrol by Rs 5 per liter.

New prices will be announced tomorrow after the approval of Prime Minister Imran Khan.

Global crude oil prices have risen by 5% since December 1. Thus, in terms of the global market, so far petrol price increased by Rs 6.88 while price of high speed diesel increased by Rs 5.24.