The price of petrol and diesel in Pakistan may increase from May 1, sources told Geo News on Friday.
The price of petrol may increase by Rs5.75 per litre while the price of diesel may increase by Rs6 per litre, said sources.
The Oil and Gas Regulatory Authority (OGRA) has forwarded a summary to the Petroleum Division. In it, the recommended prices have been calculated keeping in mind the current petroleum levy rate.
The current levy on petrol is Rs11.23 per litre while on diesel, it is Rs15.29 per litre.
The final decision will be taken by the Ministry of Finance after consulting the prime minister.