The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in prices of petrol and high speed diesel by more than Rs 2.45 and Rs 2.70 per litre respectively.
The OGRA has forwarded a summary to the Finance Ministry recommending hike in prices of petrol and high speed diesel by Rs 2.45 and Rs 2.70 per litre respectively to the for approval.
The price of price of kerosene oil has been recommended to be increased by Rs 3.25 per litre and price of light diesel by Rs 3.40 per litre.
The Ministry of Finance will announce final price on July 31 to be effective from midnight.
According to some inside sources, interim government will not increase prices. Sources said that the next government will decide about the increase in prices of petroleum products.