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Rs11 hike proposed in price of petrol: OGRA

The Oil and Gas Regulatory Authority (OGRA) recommended on Wednesday that the price of petrol be increased by Rs11.

The regulator proposed a hike of Rs2.40 per litre in the price of high-speed diesel, according to a summary forwarded to the Petroleum Division.

Similarly, Rs1.40 and Rs1.50 hike was recommended in prices of light diesel and kerosene oils, respectively.

However, the final approval with regard to revision in prices rests with Prime Minister Imran Khan. The new prices will take effect from July 16.

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