US
Global oil prices have witnessed an increase in the month of October
Government also increases prices of LDO and kerosene oil by Rs2 and Rs4 respectively
OGRA makes recommendation in line with global crude price movements
The new prices have been announced after getting PM’s nod with effect from June 1
Light diesel, kerosene to be dearer by Rs10 & Rs15 per litre, respectively
Light diesel oil rate also remains the same
New petroleum prices will take effect from January 16 and be effective till January 31
Oil and Gas Regulatory Authority sends summary to petroleum ministry
Ogra has recommended an upward revision of oil prices in the country
Govt can absorb the impact of the proposed increase