ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has on Friday recommended an increase in the price of petroleum products by up to Rs12 per liter from February 1.

In a summary, OGRA has proposed hike in the price of petrol by Rs12, High Speed Diesel (HSD) by Rs10, Superior Kerosene Oil (KSO) by Rs7 and Light Diesel Oil (LDO) by Rs5 per liter.

The summary has been sent to the petroleum division. The new prices – fixed for 15 days – will be announced after Prime Minister Imran Khan approves them.

On January 15, the federal government had announced an increase in the prices of petroleum products with 3.20 rupees per liter surge in the price of petrol, Rs2.95 in HSD, Rs4.42 in LDO and Rs3 in SKO. NNI