ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has prepared the working paper for hike in petroleum goods prices up to Rs6,”.
The new prices will be applicable from November 1.
It is expected that the price of petrol will be increased by Rs 5.35 per litre, High Speed Diesel by Rs 2.43, High Octane Blending Component (HOBC) by Rs 6.10, and kerosene oil by Rs 3.17 per litre.
Although petroleum goods prices in international market are decreasing but Pakistan government is adopting a policy totally opposite to the global trend.
This policy is believed to be the result of a loan that the government has acquired from international monetary institutions like IMF, World Bank and Asian Development Bank.