Petrol price likely to go up by Rs4/litre from December

01:46 PM | 30 Nov, 2016
Petrol price likely to go up by Rs4/litre from December
ISLAMABAD - The Oil and Gas Regulatory Authority (Ogra) Wednesday sent a summary to the government for an increase of up to Rs.5.42 in the prices of petroleum products – kerosene, high-speed diesel and high-octane blending component (HOBC) – from December 1.

According to Business Recorder report, the regulator after calculating the monthly impact of the country's crude import has suggested the government increase high-speed diesel (HSD) prices by Rs 5.42 per litre from the current level of Rs 72.52 per litre to Rs 77.94 per litre.

The regulator has recommended an increase of Rs 4.01 per litre in petrol price from Rs 64.27 per litre to Rs 68.28 per litre (6.2 percent), Rs 2.81 per litre increase in kerosene oil from Rs 43.25 per litre to Rs 46.06 per litre (6.5 percent), while it has recommended a reduction of Rs 0.13 per litre in the light diesel oil (LDO) price from Rs 43.34 to Rs 43.21 per litre.

The authority has calculated an increase of Rs 6.82 per litre in the price of high octane blending component (HOBC), but the government has deregulated the HOBC price.