Islamabad: The government is likely to increase prices of petroleum products from June 1.
According to sources, the Oil and Gas Regulatory Authority (OGRA) will forward its summary proposing new rates on May 30 while the new prices will take effect from June 1 after approval by the prime minister.
The price of petrol may be increased by Rs9.50 while high speed diesel (HSD) may go up by Rs11.5. Similarly, price for light diesel oil (LDO) is likely to increase by Rs7.85 while kerosene may see a rise of Rs12 per liter.
