ISLAMABAD – The Oil and Gas Regulatory Authority (OGRA) on Friday recommended an increase of Rs4.6 per liter price of petrol following the fluctuation in global oil prices.
OGRA, in this regard, sent a summary to ministry of petroleum to increase petroleum product prices from January 1st 2018. The proposal showed that petrol price might see a jump of Rs4.06 per liter, High Speed Diesel Rs5.83 per liter, Light Diesel Oil by Rs12.49 per liter and Kerosne oil by Rs13.58 per liter.
During 2017, the petrol price was up by 20.5 percent to Rs 77.47 per liter, high speed diesel was up by 18.5 percent to Rs 85.95 per liter, light diesel oil rose 20.25 percent to Rs 57.58 per liter and kerosene oil price was up by 33 percent to Rs 57.58 per liter.
The summary was forwarded to the petroleum division as a routine practice. It will send the summary onward to the finance ministry and Prime Minister’s office for a decision. Under the practice, oil prices are revised on December 31.
