Decision to increase prices of petroleum products to be held today

ISLAMABAD: The decision to increase the prices of petroleum products will be held today.

Two days ago, the Oil and Gas Regulatory Authority (OGRA) sent a proposal to increase the price of petrol by Rs. 7 and diesel by Rs. 8 per litre to the Petroleum Division. However, the federal government today decided to change the price of petrol will be applicable from 12 noon tonight.

Apart from petrol and diesel, the OGRA had also proposed an increase in kerosene and light diesel prices. The authority sent proposals on the basis of Rs 30 per liter petroleum levy. The price of petrol includes a petroleum levy of Rs 26.70.

The sources said that the price of diesel includes a petroleum levy of Rs 25.73 per liter. It may be noted that a month ago, a meeting of the Economic Coordination Committee chaired by the Finance Advisor approved a proposal by the Ministry of Energy to change the prices of petroleum products after 15 days.