ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Saturday proposed Rs16 per litre hike in petrol price from February 16.
The Oil and Gas Regulatory Authority (OGRA) has forwarded its summary regarding new rates of petroleum products to the ministry.
The OGRA has proposed raising Rs14 per litre on high-speed diesel.
Sources prior to the matter said that OGRA has prepared its summary on the basis of a levy of Rs30 per litre. Currently, the levy on petrol is Rs21.04 per litre.
Sources said that petrol price is likely to go up by Rs5.50 and diesel Rs5.75 for remaining days of the ongoing month.
The OGRA summary proposing new rates will take effect from February 16 after approval by the prime minister.
