ISLAMABAD – The government is likely to increase petrol price from July 1, while rates of other petroleum products are likely to go down.
According to sources, an increase of Rs 1.88 will be made in petrol prices. It is expected that prices of high speed diesel and light diesel will be slashed by Rs 2 and Rs 2.10 respectively. Price of kerosene oil is also likely to be slashed by Rs 1.68 and high octane diesel Rs2.45.
In this regard, the Oil and Gas Regulatory Authority will dispatch a summary to the Ministry of Petroleum next week. Following the finalization of the summary, the government will announce new prices of petroleum products for the month of July.