The price of petroleum products is expected to go up in the country once more, sources said, with the Oil and Gas Regulatory Authority (OGRA) seeking an increase in the rates.

The regulatory authority has sent a summary to the Petroleum Division, recommending an increase of Rs0.50 per litre in petrol price, Rs2.50 per litre in diesel, and Rs1 per litre in kerosene oil and light diesel oil.

The Ministry of Finance will take a final decision to change the price of petroleum products after consulting with Prime Minister Imran Khan, sources added.

The government had raised the price of petrol by Rs1.71 per litre two weeks back and as a result, it currently costs Rs119.80 per litre.