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Petroleum products prices likely to be hiked from July 1

Islamabad: It is likely that petroleum products prices witness an uptick from next fortnightly while it is expected that Petrol prices will hike by Rs 7.54 and Diesel prices Rs 9.84.

Petroleum prices expected to be increased starting from July 1 to July 15 as the Oil and Gas Regulatory Authority (OGRA) will determine petroleum products prices as per proportionate with the World market on June 30.

It is expected that light diesel prices will hike to Rs 8.73 per litre, kerosene oil by Rs 7.70 per litre.

Besides that it is likely that diesel prices shot up to Rs 9. 84 per litre and petrol prices climb to Rs 7.54.