Ogra sent a summary to the Ministry of Energy (Petroleum Division) on Wednesday with recommendation for upward revision in petroleum prices. Following the global price hike, the effect will be felt in domestic prices of petrol, kerosene, high-speed diesel and light diesel oil. Price of petrol increases by Rs1.7 per litre for MayPetrol price is likely to go up from existing Rs87.70 to Rs96.07 per litre with a hike of Rs8.37 (9.5%). Kerosene oil price may be jacked up by Rs8.23, or 10.3%, from Rs79.87 to Rs88.10 per litre. Moreover, it is charging petroleum levy at the rate of Rs8 per litre on high-speed diesel, Rs10 per litre on petrol, Rs6 per litre on kerosene oil and Rs3 per litre on light diesel oil.

Source: The Express Tribune May 30, 2018 12:23 UTC