Islamabad (Web Desk): The government may increase the prices of petroleum products by up to Rs8 per litre for the next two weeks.
According to sources, the Oil and Gas Regulatory Authority (OGRA), in a summary forwarded to the Petroleum Division, has proposed hike in the price of petrol by Rs6.5 and High Speed Diesel (HSD) by Rs8.
The final approval would be given by Prime Minister Imran Khan, after which the new prices would be announced by the Ministry of Finance.
On October 15, the government has announced to increase the petroleum prices with immediate effect citing the fluctuation in the global oil prices.
The price of petrol had been increased by Rs10.49 per litre after which the new price jumped to Rs137.79 per litre.
The price of high speed diesel (HSD) had been enhanced by Rs12.44 per liter which now costs Rs134.48 per liter.
The price of light-speed diesel was also jacked up by Rs8.84 after which it rose to Rs108.35 per litre.
