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Petrol price likely to increase by Rs 5.80 in June

Petrol price likely to increase by Rs 5.80 in June

Karachi: The prices of petroleum products are expected to increase in June, 2015, media reports confirmed.

Government may rise per litre price of diesel by Rs. 6.20 and petrol by Rs. 5.80. A staggering Rs. 11 increase may be seen in the price of HOBC.

The reason for the price increase is the turmoil in Yemen which has led to an increase in crude oil price in the international market.

it is important to mention here that increase in prices of petroleum products was also suggested to government during last month by OGRA, but prices remained sustain due to disapproval of the govt.