The Oil and Gas Regulatory Authority (OGRA) has recently recommended increasing of Rs16 in petrol price.
A summary has already been sent to Petroleum Division, where the revision is recommended for the prices of petro from 16th, February, 2021.
Meanwhile, it has also recommended for an increase in the price of high speed diesel by Rs14.75.
If this recommended summary gets approved, the petrol price would become RS 127.90 per litre, whereas the diesel price would also go high to Rs130.83 per litre.
However, soon the prime minister will take a final decision regarding this matter and the finance ministry will announce the new prices by 15th of February, 2021.