Government likely to increase oil prices by up to PKR 12 on Ist June 2019

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The Federal Government of Pakistan is reportedly increasing the prices of petroleum products by up to PKR 12 in the country from Ist June 2019, reports a local media outlet.

As per the details, Oil and Gas Regulatory Authority (OGRA) on 30th May will forward the summary of price increase to the government. And after the approval of the Prime Minister of Pakistan the rates will be revised starting next month.

The price of gasoline might increase by PKR 10 per liter while that of high-speed diesel and kerosene oil by PKR 12 whereas the rate of light-diesel oil might surge by PKR 8. The suggestions are being made due to fluctuation in the prices of oil products in the international market and the devaluation of rupee against the US dollar.

Read Also: How Do you Get Cheated at Petrol Pump and How Not to Be a Victim Next Time

The Government will take the final decision on oil prices on 31-5-2019.

Current oil prices are below:

Petrol:  Rs.108.42 per liter

High-speed diesel: Rs.122.32 per liter

Kerosene oil: Rs.86.94 per liter

Light-speed diesel: Rs.96.77 per liter

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5 Comments
  1. Ishaq Dollar says

    Please identify “a local media outlet”. Plenty of “local media outlets” are without lifafas these days so keep trying to create panic.

  2. ali says

    good news

  3. ali says

    goood news ooo

  4. Awam Ki JIT says

    Khota Khan forgot all his promises before elections.

    Why is he not removing tax on petrol which he use to bark against so much during PMLN’s tenure.

    GoImranGo

  5. U TURN KHAN says

    IK the clown should author a book called ‘IKNOMICS’. Bark when you are in opposition and stick your head in the ground when you are a leader.

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