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Petrol products prices likely to increase from 1st Jan

Pakistan, Business News : Prices of Petroleum product likely to raised from 1st January 2014, E Pakistan News Reported.

Sources said diesel prices are expected to be increased by Rs04 per litre, petrol by Rs2.50 per litre, kerosene oil by Rs04 per litre.

They added that Oil and Gas Regulatory Authority (OGRA) would send the summery, seeking increase in POL prices to the ministry of petroleum soon.

The officials in the ministry of petroleum told that it has become inevitable to raise the petroleum prices domestically as crude price in the international market has increased in average by $03 per barrel and reached at $112 per barrel.

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