Updated on
Summary
The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum, carrying recommendation to surge prices of petroleum products by Rs 2 to 5. The OGRA prepared the summary owing to increase in crude oil prices in international market. The prices of petroleum products in the international market were stable till August 20. However, it was decided to increase the prices in the country after the current upsurge in the international market. The decision would be made regarding the increase in PoL prices till the evening of August 31. Last month, the PoL prices were reduced by 14 paisas to Rs1.5.
