Petrol and Diesel prices are expected to rise more following the surge in petrol rates twice in the current month of January.
According to sources, the Petroleum Division has sent a summary of petrol and diesel premium and dealer margin increase to the Economic Coordination Committee (ECC) for consideration.
The summary has proposed an increase of 45 paisa per liter in OMC petrol premium margin and 58 paisa per liter in dealer margin, sources added.
It has been proposed to increase the OMC margin of high-speed diesel by 45 paisa per liter while the margin of dealers likely to surge by 50 paisa per liter.
After the proposed increase in petrol, OMC margin will increase from Rs2.81 paisa to Rs3.26 paisa per liter while dealers margin will increase from Rs3.70 paisa to Rs4.28 paisa per liter.
Whereas, after the proposed surge on high speed diesel, the OMC margin will increase from Rs2.81 paisa to Rs3.26 paisa per liter while the dealers margin will increase from Rs3.12 paisa to Rs3.62 paisa per liter.
Earlier, the Oil and Gas Regulatory Authority (OGRA) had recommended up to a Rs2 decrease in Petrol prices for the month of November.
OGRA had sent a summary of the reduction in prices of petroleum products to the government.
According to the summary, the OGRA had recommended a Rs 1.50 cut in the per liter price of petrol and Rs2 in the price of high-speed diesel (HSD).
However, authorities said the government may keep the Petrol prices unchanged by increasing the petroleum levy.