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Petrol prices likely to increase by Rs 7.77 per liter Soon

ISLAMABAD (August 31, 2012): It is expected that the government will increase the prices of petroleum products by as much as Rs. 7.77 per liter.t is expected that the government will increase the prices of petroleum products by as much as Rs. 7.77 per liter.

The Oil and Gas regulatory Authority (OGRA) has sent the summary to the petroleum ministry.

According to sources, OGRA has sent the price summary for the month of September to the petroleum ministry in which it has suggested that the prices can be increased up to Rs. 7.77.

According to the summary, petrol prices could be increased by Rs7.77, diesel by Rs 5.94, high octane Rs8.18, light diesel Rs5.54 and kerosene oil by Rs5.86 per litre.

Sources say that OGRA has suggested that the burden should not be passed on to the consumers.

The government is set to increase Petroleum, Oil, Lubricant (POL) prices on the pretext of a hike in international oil price. The government has decided to review petroleum product prices on a weekly basis, instead of fortnightly.