Islamabad: The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in the price of petroleum products by up to Rs8 per liter from November 1.
According to a summary sent by the OGRA to the Petroleum Division, the authority has proposed hike in the price of petrol by Rs6.5 and High Speed Diesel (HSD) by Rs8.
The new prices fixed for 15 days, will be announced after Prime Minister Imran Khan’s approval.
The ministry of finance will take the final decision about the fuel prices after consultation with Prime Minister Imran Khan.
The fluctuation in the POL prices in the country depend on GST and the oil’s prices in the international market, Officials said.
It should be noted that two weeks ago, the government jacked up the price of petrol by Rs10.49 per liter, following fluctuation in the global oil prices.
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