Petrol and other petroleum products are likely to become costlier from October 1, with proposed hikes ranging between Rs1.97 and Rs4.65 per litre, sources confirmed on Monday.
According to industry estimates, petrol may rise by Rs1.97 per litre, high-speed diesel (HSD) by Rs2.48, and light diesel oil (LDO) by Rs1.76. Kerosene oil faces the steepest increase, expected to go up by Rs4.65 per litre.
The Oil and Gas Regulatory Authority (OGRA) has already prepared a summary and will send it to the Ministry of Finance through the Petroleum Division. A final decision will be announced once Prime Minister’s approval is secured.
This comes just weeks after the government’s September 16 review, where petrol was kept unchanged at Rs264.61 per litre while diesel rose by Rs2.78, reaching Rs272.77 per litre. Those rates remain valid until the end of September.
Officials explained that the adjustments are part of the routine fortnightly price review, which is tied to international oil market fluctuations and exchange rate movements.
