Petroleum prices likely to go up

By: News Desk      Published: 09:02 PM, 26 Jan, 2021
Petroleum prices likely to go up

The government is likely to raise the prices of petroleum products.

A summary has been prepared recommending increasing margins of oil marketing companies (OMCs) by 45 paisa per litre and the margins of dealers by 58 paisa per litre on petrol.

It recommended surging margins of OMCs by 45 paisa per litre and 50 paisa per litre margins of dealers on diesel.

Prime Minister Imran Khan gave go-ahead to increase Rs3.2 per litre in the price of petrol a few days ago. He okayed increase of Rs2.95 per litre in the price of high-speed diesel (HSD).

On December 15, the ex-depot prices of HSD and petrol were increased by Rs3 per litre while the prices of kerosene and LDO were raised by Rs5 per litre. On December 31, the price of petrol was increased by another Rs2.31 per litre, HSD by Rs1.80.