ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has recommended the government to increase the prices of petroleum products up to 19.39 percent from July 1.
The Ogra sent a summary to the petroleum and finance ministries suggesting Rs 1.93 per litre (3 percent) increase in the price of petrol for the month of July. It further proposed Rs 3.75 per litre (5.17pc) increase in the price of High Speed Diesel (HSD), Rs5.38 per litre (14.16pc) increase for Light Diesel Oil (LDO), Rs 8.62 (19.39 pc) for Kerosene price and Rs 3.53 (4.86pc) for High Octane Blended Oil (HOBC).
If the prices recommended by Ogra are approved then petrol price will reach from Rs64.27 to Rs66.2 per litre, HSD from Rs72.52 to Rs79.21, LDO from Rs37.97 to Rs43.35, Kerosene from Rs43.25 to Rs51.83 and HOBC Rs76.21 from Rs72.68.
