Business

OGRA recommends hike in petrol prices

Oil and Gas Regulatory Authority (OGRA) has forwarded a summary to finance ministry on Friday recommending Rs 3.22 per litre hike in petrol price.
The regulator has recommended the ministry to hike prices of petroleum products for the month of May with an upward revision of petrol price by Rs 3.22/litre and that of high-speed diesel by Rs 6.97/litre.
Summary dispatched to the ministry has sought increase in prices of light-speed diesel and kerosene oil by Rs 6.95/litre and Rs 6.97/litre.
Revised prices of petroleum products will be enacted after Prime Minister (PM) Shahid Khaqan Abbasi’s approval.