ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended increasing the prices of petrol and diesel by Rs 3 and Rs 2.87 per litre, respectively.
According to sources well placed in OGRA, if approved, the price of petrol will rise from Rs248.38 to Rs251.38 per litre, while high-speed diesel will increase from Rs255.14 to Rs258.01 per litre.
The sources said that the proposal also includes a minor reduction of Rs 0.11 per litre for kerosene oil and Rs 0.04 per litre for light-speed diesel.
The final decision on these adjustments will be made on November 30, with global crude oil price fluctuations being a key factor influencing the move.
Experts highlighted the ongoing volatility in international oil markets as a significant driver behind the proposed price hike.
