KARACHI: The Oil and Gas Regulatory Authority (Ogra) on Tuesday proposed the Petroleum Division to increase petrol price by Rs5.15 per litre.
According to sources, Ogra has also purposed to increase prices of high-speed diesel and kerosene oil by Rs5.65 per litre and Rs5.38 per litre.
An increase of Rs8.90 per litre in price of light diesel has also been suggested.
The revised price, after the approval of suggested hike will be as follows: petrol Rs117.83/Ltr, high-speed diesel Rs135.72/Ltr, light-speed diesel Rs94.27/Ltr, and kerosene oil Rs103.84/Ltr.
Sources indicated that the Ministry of Finance, after consulting with the Prime Minister, will finalize the proposed price hike. The new rates are expected to be applicable from August 1.