Govt announces new oil prices for November

0 256

ISLAMABAD: The federal government on Thursday increased the prices of petroleum products for the month of November 2019 in line with the recommendations of Oil and Gas Regulatory Authority (OGRA).

According to a notification issued on Thursday, petrol price has gone up by Rs1 per litre and High Speed Diesel increased by 27 paisa.

On the other hand, the prices of kerosene oil and light diesel oil have been slashed by Rs2.39 and Rs6.56 respectively.

On Wednesday, the Oil Gas and Regulatory Authority (OGRA) had sent a summary to Ministry of Petroleum to increase fuel and oil prices.

In its summary, OGRA had requested the petroleum ministry to increase the petrol price by Rs1 and high speed diesel by Rs0.37. Similarly, it stated that the price of light diesel should be decreased by Rs6.56 and that of oil by Rs2.39.

The summary will be approved by the government and the new fuel prices will come into effect from November 1.