Petroleum Prices to Be Raised by Rs. 7 in January 2017 <br />Officials of the Ministry of Petroleum and Natural Resources have announced that prices of petroleum products are expected to increase by Rs. 6.93 per liter starting next month. <br />The price hike is due to increasing of global crude oil prices. <br />Oil and Gas Regulatory Authority (OGRA) submitted a report to the Petroleum and Natural Resources Ministry which included a recommendation to increase oil prices. It should be noted that OGRA regulates kerosene oil prices only and the rest of the petrol product prices are deregulated. <br />The price hike will affect regular petrol, kerosene oil, high speed diesel (HSD) and light diesel oil
