Govt increases petrol price for rest of January

• Price of petrol has been increased by Rs.3.20 per litre, whereas diesel prices have been increased by Rs2.95 per litre
• The price of kerosene oil has been hiked by Rs.3, while light diesel prices have been raised by Rs4.42
• The new prices will be applicable from midnight (January 16)

The government on Friday announced to increase the prices of petrol, diesel, and other petroleum products for the remaining two weeks of January

The prices of petrol have been increased by Rs3.20 per litre, whereas diesel prices have been increased by Rs2.95 per litre.

The price of kerosene oil has been hiked by Rs.3, while light diesel prices have been raised by Rs4.42.

The new prices will be applicable from midnight (January 16).

Read more: Petrol prices may go up by Rs11.95 across Pakistan from Jan 16, sources say

Ogra denies submitting summary recommending increase

A day earlier, the Oil and Gas Regulatory Authority (Ogra) denied that it had sent a summary to the government proposing a hike in the price of petroleum products.

"Reports circulating on media regarding an increase in prices of petroleum products are based on speculation," said a spokesperson of the authority.

The authority was responding to reports that it has recommended increasing the price of petroleum products by Rs11.95 per litre from January 16.

Sources said that the authority has also recommended increasing the diesel price by Rs9.57 per litre.

Read more: Petrol price in Pakistan expected to rise from Jan 2021, sources say