Hike in petrol price by Rs1.50, cut in diesel by Rs2/- proposed

ISLAMABAD: The summary for the revision of petroleum products’ prices has been prepared, which would be sent to the ministry of petroleum on May 30, Geo News reported on Monday.

Sources said that the petrol price hike by Rs1.50 and a cut in diesel price by Rs2.00 have been proposed in the prepared summary.

OGRA sources said that kerosene price cut expected by paisa 15 per litre, while light diesel price likely to go up by paisa 5 and HOBC by paisa 50 per litre.

Petroleum products’ new prices would be effective from June 1.