OGRA increases diesel price, slightly decreases petrol

The Oil and Gas Regulatory Authority (OGRA) has announced new prices of petroleum products; diesel has been raised and petrol has slightly been decreased, on Tuesday.

The Executive Director of OGRA, Jawad Nasim, announced new prices of petroleum products in Islamabad on Tuesday.

According to the new prices announced by OGRA, the price of diesel has risen by Rs. 1.57 per liter and the new price is fixed at Rs. 74.60 per liter, while light diesel’s price has been increased by Rs. 1.32 per liter and fixed at Rs. 62.67 per liter.

The price of kerosene oil, after an increase of 72 paisas, is fixed at Rs. 65.57 per liter.

The price of petrol, after being decreased by 48 paisas, is fixed at Rs. 67.26 per liter; the price of hi-octane, after decr

easing by 49 paisas, has been fixed at Rs. 69.50 per liter.

The prices of jet fuel have been also increased. The price of JP-1 has increased by Rs. 1.59 per liter, JP-4 by Rs. 1.34 per liter and JP-8 by Rs. 2.33 per liter.

Earlier due to a rise in the prices of crude oil in the global market, the prices of petroleum products were expected to go up by Rs. 1.5 per liter.

Globally, oil prices have risen by $2 per barrel, due to which petrol and diesel prices were also expected to increase by Rs. 1 and Rs. 1.5 per liter respectively.

The new prices announced by OGRA today will be implemented from September 1.

Earlier, OGRA increased the price of diesel from Rs. 71.85 to Rs. 73.03 per liter which was increase of Rs. 1.45. At the same time, the price of petrol was reduced by 21 paisa per liter, it was then sold at Rs. 67.74 per liter, instead of the previous Rs. 67.95.

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