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Another massive hike in petrol, diesel prices in Pakistan likely


LAHORE MIRROR — The nation may embrace another hike in petroleum prices in the upcoming fortnightly review amid rise in global oil prices, Lahore Mirror has learnt.

The Oil and Gas Regulatory Authority (Ogra) is expected to announce new prices for petrol, diesel and other petroleum products on September 15, based on the average international crude oil prices and exchange rate fluctuations in the first 15 days of September.

It is expected that the petrol price may jump by Rs16 per litre in the next fortnight review of the petroleum prices, while the price of high-speed diesel (HSD) is likely to go up by Rs13.66 per litre, industry estimates showed.

The ex-depot price of petrol has been calculated at Rs321.35 per litre for the next fortnight compared to its existing price of Rs305.36 per litre, showing an increase of Rs15.99, while the ex-depot price of HSD has been worked out at Rs325.50 per litre compared to its current price of Rs311.84 per litre, indicating an increase of Rs13.66 per litre.

The prices of kerosene and light diesel oil (LDO) are also expected to rise by Rs10.02 and Rs4.45 per litre respectively.