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OGRA proposes Rs 2.98 hike in petrol price

The consumers may face another price hike in petroleum products as Oil and Gas Regularity Authority (OGRA) has recommended 4 percent to 20 percent increase in POL prices for the month of February following the fluctuation in global oil prices.

By Web Desk
January 31, 2018


ISLAMABAD: The consumers may face another price hike in petroleum products as Oil and Gas Regularity Authority (OGRA) has recommended 4  percent to 20 percent increase in POL prices  for the month of February following the fluctuation in global oil prices.

As per details,  The Oil and Gas Regulatory Authority (OGRA) has  sent a summary  to Ministry of Petroleum for approval, proposing   an increase  in prices of petrol and diesel by Rs2.98 and Rs10.25 per litre respectively.

Similarly, The OGRA recommended Rs12.74 and Rs11.72 hike in the prices of kerosene oil and light diesel respectively.

The price of high speed diesel is likely to exceed Rs 100 per litre,  while petrol price will go up to Rs84.51 per litre from the current Rs 81.53 if the government approves the recommendations of the regulatory authority.

The Oil and Gas Regulatory Authority (Ogra) recommended an increase of 3.7 per cent in the price of petrol   after the rates of crude oil surged in the international market.