The government decided on Saturday to drop another price hike bomb on the people deciding to increase the price of petroleum products from October.
According to sources in the Oil and Gas Regulatory Authority (OGRA), the government is likely to increase the price of petrol by Rs 1.75 per liter, kerosene oil by Rs 2.55, high speed diesel oil by Rs 2.9 and light diesel oil (LDO) by Rs 1.9 per liter with effect from October.
OGRA authorities have prepared recommendations for increasing the prices of petroleum products.
Sources said the government’s decision to increase prices is due to the hike in the price of petroleum products in the international market.