Fortnightly change tomorrow: Petrol may become cheaper by Rs1.96/litre

ISLAMABAD: Fuel prices are expected to change, with a possible increase of up to Rs 9.60 per litre for the next fortnight starting November 16, sources said.

Petrol prices have been prepared in light of global market price fluctuation.

Sources said petrol may become cheaper by Rs1.96 per litre, while the price of high-speed diesel could rise by Rs 9.60 per litre.

Kerosene is likely to increase by Rs 8.82 per litre, and light diesel oil by Rs 7.15 per litre.

The Oil and Gas Regulatory Authority (Ogra) will forward its working paper to the Petroleum Division on November 15. The Petroleum Division and the Ministry of Finance will then prepare a joint summary for submission to the Prime Minister.

Following the Prime Minister’s approval, the Ministry of Finance will announce the revised prices, which will remain effective for the next 15 days.