ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) recommended an increase of Rs5.50 per litre in petrol prices on Sunday.
The prices of petrol and diesel are recommended to be increased by Rs5.05 and Rs6, respectively, according to the summary sent to the Petroleum Division. The prices of kerosene oil and light diesel have not been mentioned in the summary.
The recommendation will come into effect when signed by the Prime Minister after due consultations with the finance ministry.
The prices are revised every 15 days. On February 26, the authority recommended an increase of Rs20 in petrol prices, but the government decided to keep it unchanged.
As of now, petroleum products are priced as follows; petrol Rs111.90 per litre, high-speed diesel Rs116.07 per litre, Kerosene oil is Rs80.19 per litre, and light diesel is being sold at Rs79.23 per litre.