Petroleum Prices Likely to Increase from February 16
Sources indicate that the proposed adjustments have been finalized, with an increase of up to Rs6.55 per litre anticipated for certain fuels.Sources further revealed that the pricing working has been completed, and the Oil and Gas Regulatory Authority (OGRA) will forward a summary to the Petroleum Division for approval.
Following endorsement from the Prime Minister, the Petroleum Division is expected to issue an official notification announcing the revised rates. The new prices will come into effect from February 16.
The anticipated hike is likely to further intensify inflationary pressures, impacting transportation costs, goods delivery charges, and overall consumer prices across the country.