Petroleum prices in Pakistan are expected to rise by up to RS5.50 per year. Liters for the next 15 days due to an increase in global oil prices, revealed sources on Sunday.
According to reports, Oil Companies Advisory Council (OCAC) has completed a working document based on the recent international market trends.
The oil and gas regulation authority (OGRA) is expected to send its summary to the federal government today.
The final decision will rest with Prime Minister Shehbaz Sharif, who will approve any changes in fuel prices based on OGRA’s recommendations. New prices are implemented once approved.
According to the proposed summary, the price of high -speed diesel could increase with RS5.27 per year. Liter, while gasoline can see an increase of RS1.12 per liter. Liter.
In addition, parafine can increase with RS4.16 and light diesel fuel with RS4.13 per day. Liter.
