Govt likely to raise prices of petroleum products next month

Rise in price of raw oil in the world market is likely to trickle down effects on Pakistan petroleum sector as petroleum prices are expected to increase up to Rs3.5 per liter from July 01.

According to sources of Oil and Gas Regulatory Authority (OGRA), the price of petrol is expected to increase by Rs1.75/ liter, light diesel by Rs3/ liter, high octane by Rs3.5/ liter, kerosene oil by Rs2.5 and high-speed diesel by Rs2.5.

OGRA has started preparing proposal in this regard.

Viewing anticipated rise in prices of petroleum products, supplier companies have restricted supply across the country which may create crisis.