Petrol, diesel prices likely to increase from Dec 1
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The prices of petrol and diesel are likely to increase from December 1.
The petrol price is likely to increase by Rs2.50 per litre while diesel price is likely to go up by Rs.2.75 per litre. The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Petroleum Division with its recommendation on the new prices for the next 15 days.
However, the federal government can maintain petrol and diesel prices at the current level by decreasing the petroleum levy. Currently, the government is charging Rs30 per litre levy on petrol and Rs30 per litre levy on diesel.
The Finance Ministry will make the final decision on the prices of petroleum products in consultation with Prime Minister Imran Khan.