ISLAMABAD Dec 02 (TNS): The summary forwarded to the Ministry of Finance by the Oil and Gas Regulatory Authority (OGRA) giving proposal for Rs 1.20 liter to Rs 15.35 per liter increase in prices of petroleum products from December 1, 2017 will increase people’s sufferings in the form of inflated prices of essential commodities..
According to an analyst, price surge has been recommended after sharp increase in crude oil price. Crude oil price increased sharply over the market speculation that the OPEC members meeting on November 30 in Vienna was likely to cut the daily oil supplies.
Ogra has proposes increase of Rs1.48 per liter in petrol price and after the approval it would reach Rs77.47 per liter.
New price for kerosene oil and light diesel is expected to touch Rs 68.54 and Rs 62.15 per liter.
How the increase in oil price affects the people the government is completely unaware of,” complained residents of the city.
