The Oil and Gas Regulatory Authority (OGRA) has suggested the government an increase in the prices of some petroleum products by up to Rs.1 per litre for the month of November 2019.
According to the details, the authority has sent a summary to the petroleum ministry in which it has proposed an increase in the prices of petrol and high-speed diesel. On the other hand, a decrease in the prices of light-speed diesel and kerosene oil has been suggested in the same summary. OGRA has recommended an increase of Rs.1 per litre in the prices of petrol and Rs.0.27 per litre increase in the price of high-speed diesel for the month of November 2019. At the same time, a decrease of Rs.2.39 per litre in the price of kerosene oil and Rs.6.56 per litre in the price of light-speed diesel is suggested to the government. The current prices of petroleum products are as under:
High-speed diesel: Rs.127.14
Light-speed diesel: Rs.91.89
Kerosene oil: Rs.100.76
If the above-mentioned recommendations of OGRA get approved from the government, the new prices with effect from 1st November 2019 will be as follows:
High-speed diesel: Rs.127.41
Light-speed diesel: Rs.85.33
Kerosene oil: Rs.97.18
It is notable to mention here that OGRA had recommended a decrease in the petroleum prices for the month of October but the government decided to keep the prices without any change. Let’s see what the government decides on this occasion. Stay with PakWheels for more updates on new petroleum prices.