Oil Price Likely to Rise by Rs. 8.90 Next Month - Android

Prices of petroleum products could increase by Rs. 8.90 in August, if OGRA’s latest summary goes through. The Oil and… Read More

The post Oil Price Likely to Rise by Rs. 8.90 Next Month appeared first on .

Prices of petroleum products could increase by Rs. 8.90 in August, if OGRA’s latest summary goes through.

The Oil and Gas Regulatory Authority (OGRA) has forwarded a summary to the petroleum ministry proposing a hike of Rs. 5.15 per liter for petrol, Rs. 5.65 per liter for High-Speed Diesel (HSD) and Rs. 5.38 per liter for kerosene oil.

ALSO READ

OGDCL Discovers Oil & Gas at Pandhi Well in Sindh

The surge, as it said, is on the basis of increased general sales tax and petroleum levy. If approved, the revised prices will be applicable from 1st of August.

For the month of July, the oil prices were kept unchanged after making adjustments in tax rates.

Via: Dunya News

The post Oil Price Likely to Rise by Rs. 8.90 Next Month appeared first on .