Petrol prices expected to increase from 1 June 2021

ISLAMABAD: The petrol prices in Pakistan are expected to increase from 1 June 2021, according to the recommendation summary submitted by the Oil and Gas Regulatory Authority (OGRA) to the Petroleum Division.

The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in the diesel price by Rs. 4.30 per litre from 1 June 2021.

Furthermore, a minimal increase is expected in the petrol and kerosene price while prices for light speed diesel will remain unchanged.

The final decision will be taken by the Prime Minister Imran Khan on 31 May 2021.

It bears mentioning that the change in petrol prices in Pakistan remained unchanged for the second half of May 2021 after Prime Minister Imran Khan turned down the proposal of the Oil and Gas Regulatory Authority (OGRA) for increase in fuel prices.

If the Government approves the new petrol prices in Pakistan, these will come into effect from 1 June 2021 for the first half of the next month.

The current petrol price in Pakistan is Rs. 108.56 per litre while high speed diesel is being sold for Rs. 110.76 per litre, Kerosene for Rs. 80.00 per litre and light-speed diesel for Rs. 77.65 per litre.

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