In a summary sent to the Petroleum Division, Ogra has suggested Rs2.61 per liter increase in the price of petrol, Rs2.25 per liter in that of High Speed Diesel (HSD), an increase by Rs3.10 in the price of Kerosene Oil, and Rs2.08 per liter increase in the price of Light Diesel Oil (LDO) for the month of January 2020.The Oil and Gas Regulatory Authority (Ogra) has recommended in a summary sent to the government that prices of petroleum products should be increased by up to 3.2% for January 2020.
It recommended the highest increase of Rs3.10 per litre or 3.2% in the price of kerosene oil – a fuel used for cooking purposes – followed by a hike of Rs2.61 per litre or 2.3% in the price of petrol, which is a transportation fuel that has an impact on the common man.
Similarly, Rs2.08 and Rs3.10 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 January 1.