Rates expected to increase, say sources

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Rates expected to increase, say sources

Petrol can be seen dripping out of a nozzle. — AFP/Files

The price of petroleum products in Pakistan is expected to rise beginning January 1, 2020, Geo News reported Wednesday, citing sources.

The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Petroleum Division, where it has suggested to increase petrol prices by Rs2.75,  sources said.

Moreover, OGRA has asked the Division to increase the price of diesel by Rs3, sources said, adding that the finance ministry would take a final decision after consulting Prime Minister Imran Khan.

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The new prices will be announced tomorrow (Thursday), sources added.

The current petroleum products prices are:

ProductCurrent petroleum products pricePetrol103.69
High-Speed Diesel 
108.44
Kerosene Oil70.29Light Diesel Oil67.86

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