The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Power Division suggesting yet another hike in prices of various petroleum products effective August 1.
The regulatory body has recommended an increase of Rs2.75 per litre in petrol prices, Rs 3 per litre for diesel, and Rs 4 per litre for kerosene oil, sources said.
The caretaker government, however, may leave the decision for a revision in petroleum prices to the incoming government, sources added.
Earlier on July 1, the interim government had hiked the price of petrol by Rs 7.54 to Rs 99.50 per litre, diesel by Rs 14 to Rs 119.3 per litre and kerosene oil by Rs 3.36 to Rs 87.7 per litre. It had also raised rates of other petroleum products. However, a week later, the prices were slashed after the Supreme Court took notice of heavy taxes on the sale of petroleum products.
Published in Daily Times, August 1st 2018.