ISLAMABAD: The ministry of finance has approved the proposal forwarded by Oil and Gas Regulatory Authority (OGRA) seeking an upward revision in the prices of petroleum products with the exception of diesel.
According to the approval, the price of petrol has been raised by Rs6.82 per litre while diesel price cut down by Rs1.75 a litre with effect from September 17 (Monday), under the weekly mechanism to review the prices of POL products.
The price of High Octane Blending Content (HOBC) has also been raised by Rs1.50 a litre and kerosene oil by Rs0.62.
A jump in international oil market, which rose by $2 per barrel from $113 to $115 lately, has been imputed to this probable hike in local petroleum products prices.