KARACHI: The Oil and Gas Regulatory Authority (Ogra) on Thursday recommended to increase petrol price by Rs8.53 per litre for the month of June.Ogra, in its summary forwarded to Petroleum Division, has also purposed to increase prices of high speed diesel and kerosene oil by Rs8.99 and Rs1.69 per litre respectively.
The new proposeed price of kerosene oil after the hike shall be Rs98.46 per litre.An increase of Rs1.68 in price of light diesel has also been proposeed, hiking it to Rs88.62 per litre.Sources indicated that Ministry of Finance, after refer toing with the Prime Minister, shall finalize the proposed price hike.
The new rates are expected to be relevant from June 1.It is pertinent to muche here that the government had hiked the petroleum prices by as much as Rs9.42 before the start of Ramzan.TheIndianSubcontinent has not verified the content of the source.
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