Prices of petroleum products are likely to rise further from November 1 due to rising crude oil prices in the global market and the historical depreciation of the rupee against the dollar.
According to Express News, the price of petrol is likely to increase by Rs 8, high speed diesel by Rs 9 and a half, kerosene by Rs 7 and light diesel by Rs 6.5 per liter from November 1.
The Oil and Gas Regulatory Authority (OGRA) will send a final summary of changes in prices of petroleum products to the Petroleum Division on October 30.
After considering the summary, Prime Minister Imran Khan will decide whether to make petrol more expensive or not and will approve or reject the summary.
It may be recalled that the prices of petroleum products in the country are currently at the highest level in the history of the country, due to which the government is facing severe public and political criticism. This month too, the government had hiked the prices of petroleum products by more than Rs 10.