The petrol prices are likely to increase by Rs11.95 per litre from January 16.
According to sources, the Oil and Gas Regulatory Authority (OGRA) in a summary sent to the federal government, has recommended increasing the price of petroleum products by Rs11.95 per litre from January 16.
An increase of Rs9.57 per litre in diesel price is also recommended, as per the source.
However, the final discussion will be taken by the Ministry of Finance headed by Dr. Abdul Hafeez Shaikh after consultation with Prime Minister Imran Khan.
OGRA had recommended an increase in the prices of kerosene oil by Rs10.92 per litre and light diesel by Rs14.87. However, the premier approved a hike in the price of kerosene oil by Rs3.36 and agreed to an increase in the price of light diesel by Rs3.95.