OGRA releases new oil prices notification

ISLAMABAD: Prime Minister Yousuf Raza Gilani has approved a summary regarding further hike in the prices of petroleum products after that Oil and Gas Regulatory Authority (OGRA) released notification of new prices.According to notification, the government has approved Rs. 10 per liter raise in prices of petroleum products, diesel price by Rs. 7.45 and kerosene oil rate by Rs. 8.20 per liter. Earlier a summary was forwarded to the prime minister for increase in the petroleum prices and decision on the issue was expected on July 15. The decision on the summary however put off due to 100 days performance of the government. whereas common public was deeply struck with the recent oil price hike and rejected the new prices.with the new oil prices everything will increase their price, which will only hurt teh middle and lower income group.