Petrol prices to go up in July by 5.5%

ISLAMABAD: 

Sources in the petroleum ministry say they have received recommendations from the Oil and Gas Regulatory Authority (OGRA) to hike oil prices to keep pace with global price changes; therefore prices are likely to rise by an average of 5.5% from July 1.

The products likely to see their prices go up include petrol, kerosene and high-octane blended component. Diesel prices, however, are likely to come down as are those of jet fuels.

As Ogra’s recommendations currently stand, petrol prices are likely to go up by Rs4.26 per litre, or 5.5%, to Rs82.05 per litre beginning July 1. Petrol is the main fuel used by commuters throughout the country and has grown even more in importance after

The prices of kerosene will likely go up by Rs0.67 per litre, or 1%, to Rs65.61 per litre on July 1. Kerosene is used as a fuel in those parts of the country where LNG or other fuels are not available, generally the poorest, most remote parts of the country.