Prices of petroleum products likely to go up

BusinessPrices of petroleum products likely to go up

ISLAMABAD: The government is all set to drop a petrol bomb as Oil and Gas Regulatory Authority (OGRA) has recommended increase in the petroleum prices.

According to the OGRA summary, Rs4.64 will be increased on petrol litre.

Petrol may be increased to Rs109 per litre from Rs104.5.

The price of light diesel oil (LDO) will be increased by about Rs2 per litre to Rs98.12 and of high octane blending component (HOBC) to about Rs5 per litre to Rs134.

However, the final decision will be taken today (Saturday) while the new prices will be effective from September 1.

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