Fuel prices likely to go up on new year’s eve

ISLAMABAD: The fuel prices in the country are likely to be raised by over Rs3 per litre as the Petroleum Division has received a summary in this regard.
According to sources, the Petroleum Division has received a summary from Oil and Gas Regulatory Authority (OGRA), recommending an increase of Rs2.96 per litre in petroleum price from January 01.
Besides this, the sources said that the prices of high-speed diesel would go up by Rs3.12 per litre, while increase in prices of kerosene oil and light diesel oil has also been recommended by OGRA.
The notification for the new fuel prices would be issued by the Finance Division after a final nod in this regard from Prime Minister Imran Khan.
On December 15, Pakistan’s oil regulatory body announced an increase of Rs3 per litre on petrol in its bimonthly petroleum product pricing exercise. Prices of HSD after Rs3 per litre hike surged to Rs108.44 per litre while other products such as kerosene oil saw Rs5 per litre jump in price. The lowest surge was noted in light diesel oil with Rs2 per litre. – TLTP