Petrol price likely to be hiked by Rs5 per litre

Canada Global (Web News) The federal government received a brief from the Oil and Gas Regulatory Authority (Ogra) on Saturday that outlined what would cause petrol prices to rise or stay the same over the coming two weeks.

In response to the skyrocketing petroleum costs on the global market, the authority suggested raising the price of petrol by Rs. 5 per litre and diesel by Rs. 8 per litre. However, the authority also proposed a number of price-stabilizing elements.

To make a final judgement in this regard, Finance Minister Ishaq Dar will speak with Prime Minister Shehbaz. Prices will change starting at 12 a.m. on April 16.

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