The price of petroleum products in the country is expected to rise once more, according to sources, with the Oil and Gas Regulatory Authority (OGRA) seeking an increase in the rates.
The regulatory authority has sent a summary to the Petroleum Division, recommending a petrol price rise of Rs0.50 per litre, a diesel price increase of Rs2.50 per litre, and kerosene and light diesel oil price increase of Rs1 per litre.
After consulting with Prime Minister Imran Khan, the Ministry of Finance will make a final decision on changing the price of petroleum products, according to sources.
Two weeks ago, the government increased the price of fuel by Rs1.71 per liter, resulting in a current price of Rs119.80 a liter.
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