Prices of petroleum products are likely to increase up to Rs 3.50 per litre from January 1, 2017, it is learnt. According to sources privy to the developments, petrol price is expected to go up by Rs 1.50 per litre, while Light Diesel Oil (LDO) price could go up by Rs 1.30, High Speed Diesel (HSD) by Rs 1.40, High Octane Blending Component (HOBC) by Rs 3.50 and Kerosene Oil (KO) price may go up by Rs 1.60 per litre.
The Oil and Gas Regulatory Authority (OGRA) will forward its final summary to the Ministry of Finance and Petroleum Ministry on December 29 in this regard.
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