October 30, 2019: Oil and Gas Regulatory Authority (OGRA) Wednesday forwarded a price-revision to the Petroleum Division to determine rates of petroleum products for November.

As per the summary, the authority has suggested Rs 6.56 decrease in per litre price of Light Diesel Oil (LDO) and Rs 2.39 in Kerosene oil, official sources privy to petroleum sector developments told APP.

While OGRA proposed Rs 1 increase in per litre price of Petrol (Motor Spirit) and Rs 0.27 in High-Speed Diesel (HSD).

The authority has recommended an increase in per litre price of Petrol from Rs 113.24 to Rs 114.24 and HSD from Rs 127.14 to Rs 127.41. Whereas, it suggested a decrease in per litre price of Kerosene oil from Rs 99.57 to Rs 97.18 and LDO from Rs 91.89 to Rs 85.33.

However, the finance ministry will formally notify the revised prices after final approval on October 31, which would be effective from November 1.

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