A summary has been sent by the Oil and Gas Regulatory Authority (OGRA) to the Petroleum Ministry suggesting to increase the price per litre of petrol by nine rupees from the 1st of November.
As per sources, the body has proposed an increase of Rs13 per litre in diesel prices and Rs6.47 per litre for the kerosene oil.
A price increase of Rs6.48 has also been suggested for the light diesel oil.
On the 30th of August, the government decreased the petroleum prices by Rs6 for the month of September, as per a notification.
The price of petrol was decreased by Rs2.41 making it as low as Rs92.83 per litre. The price of high-speed diesel was reduced by Rs6.37 and was then sold at Rs106.57 per litre.
Asad Umar—the Finance Minister had said that the current prices of the petroleum products would be maintained as the government has got no wishes of putting extra burdens on the consumers with the increased prices.
Earlier this month the price of CNG was increased. The All Pakistan CNG Association (APCNGA) has not at all liked the decision of hiking the gas price. They have termed the increase as destructive for the population as well as for the CNG industry.
They demanded the government of providing some relief to the CNG sector as if not done would lead to an increase in the price of public transportation fares and would force the public to switch to petrol.