ISLAMABAD – Oil and Gas Regulating Authority (OGRA) has prepared a summary for a hike in the prices of petroleum products effective from New Year’s Eve.

Sources revealed that the OGRA is suggesting a hike of Rs 1.28 per liter for petrol, Rs 2 per liter for hi-octane and Rs 1.46 per liter for kerosene oil, while the price of light diesel would be hiked to Rs 1.47 per liter.

The sources added that the summary will be sent to the ministry soon for further approval.