Pakistan Today

Rs 4.5 per liter petrol price hike expected from Sept 1

The prices of petrol and other petroleum products are estimated to rise by more than Rs 4.5 per liter because of the increase in prices in the international market caused by the reports of a looming United States attack on Syria.

The Oil and Gas Regulatory Authority (OGRA) sent a summary to government on Friday regarding the increase in POL prices.

The final decision will be taken today and the new prices will be effective from September 1.

According to sources, the ex-depot price of both petrol and kerosene oil may go up by Rs 4.5 per liter.

After the increase, the price of petrol will be Rs109 per litere, kerosene oil Rs 105.78 and high speed diesel Rs 113.06.

The price of light diesel oil (LDO) will be increased by about Rs2 per liter to Rs 98.12 and the price of high octane blending component (HOBC) price will be increased by Rs 5 per liter to Rs134.

The retail price of petroleum will be 30 to 40 paisa more than the ex-depot price per liter.

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