OGRA has recommended the federal government to increase the prices of petrol and diesel by more than Rs 7 and Rs 5 per liter respectively with effect from June 1st.
OGRA has forwarded a summary of the recommended hike in prices of petrol to Rs7.10 and diesel by Rs5.20 to the petroleum ministry for approval.
Earlier, on May 1, government bumped up the prices of petroleum products following the rejection of the state oil and gas regulatory authority’s proposal to make an even bigger upward revision.
The new approved prices were as follows:
- Petrol up Rs 1.70 to Rs 87.70 per liter.
- Diesel up Rs 2.31 to Rs 98.76 a liter.
- Kerosene oil up Rs 3.41 to Rs 79.87 per liter.
- Light diesel up Rs 3.55 to Rs 68.85.