The Oil and Gas Regulatory Authority has sent summary to Ministry of Petroleum to increase the petroleum product prices for the month of October 1, 2017.

OGRA has proposed an increase of Rs 2.20 per liter in the price of high speed diesel, with new price if approve would be Rs 79.60 per liter from October 1, 2017. The proposed increase for petrol has been estimated to Rs 2.36 per liter to Rs 73.86 per liter. The price of kerosene and light diesel from next month would be Rs 63.33 per liter from present level of Rs 44 and Rs 58.10 from Rs 44 per liter.

The price has been proposed after sharp increase in crude oil price since last over a week which approximately recorded a rise of almost 10 percent owing to political tension and Kurdish threatened to cut supplies from Iraq.