Petrol, diesel prices likely to see major hike

Written by  Published by:Pakistan Views Wednesday, 28 October 2015 18:21

ISLAMABAD: Government is expected to ratchet up the prices of petroleum products by some notches with effect from November 1, sources told on Wednesday.

According to sources, Oil and Gas Regulatory Authority (OGRA) is in the process of finalizing a summary in which it is going to propose a raise in the prices of all the petroleum products to coincide with the beginning of new month - November.

It is expected that the prices of petrol will be hiked by Rs5.35 per ltir; High Speed Deisel by Rs2.43; High Octane Blending Component (HOBC) by Rs6.10 and; kerosene oil by Rs3.17 a litre.

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