Prices of petroleum products hiked by Rs3 per litre

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) increased the petrol and diesel prices further by Rs3 per litre.The new petroleum products’ prices will take effect after 12 midnight. The announcement of the price rise came after a delay of one day because matter was to be consulted with the Federal Finance Minister, Ishaq Dar.The price of petrol and diesel were proposed to be increased by Rs3.50 per litre. However, finally the prices were raised by Rs3 per litre after consultation with the Federal Minister, Ishaq Dar.Meanwhile, the prices crude oil jumped to 115 dollars per barrel in the international market on Thursday.Unlike Pakistan, India slashed the prices of petroleum products by paisas 73. The announcement was made by Inidan Prime Minister, Manmohan Singh on Tuesday as part of the “Mehangai Khatam Karo Scheme” (eliminate price hike scheme). ( via Geo)