OGRA recommends hike in prices of petroleum products by Rs 8
Oil and Gas Regulatory Authority (OGRA) has recommends hike in prices of petroleum products by Rs 8 per litre.
The OGRA will forward its summary proposing new rates on May 30 while the new prices will take effect from June 1 after approval by the prime minister.
The price of petrol may be increased by Rs 8 while high-speed diesel (HSD) may go up by Rs11.5.
The impact of rupee depreciation against the dollar is said to be incorporated in HSD and petrol prices, while the remaining increases would be made due to the rise in crude oil rates.