Petrol Price likely to Increase by Rs16 Per Litre, Reports

Petrol prices are likely to increase  throughout the country by Rs16 per litre from February 15, reports.

As per the sources, the Oil and Gas Regulatory Authority (OGRA) has forwarded a summary for the revision of rates to the Petroleum Division.

As being reported, OGRA has based the recommended rates on a levy of Rs30 per litre and has advised that the price of petrol be raised by Rs16 per litre.

The forwarded summary also suggests diesel be priced at Rs14.75 per litre more expensive, the sources added.

They added that currently, a petroleum levy of Rs21.04 is in effect besides a levy of Rs22.11 per litre for diesel.

Earlier at the start of February, the price of petrol went up by Rs2.70 per litre in Pakistan.