Petroleum Prices expected to rise further from June 1

Prices of petroleum products are expected to rise further from June 1, sources said. Sources said that there are fears of further rise in prices of petroleum products following recent price hike of Rs 30.

Sources said that OGRA will send a summary to the government on May 30 for new prices from June 1. The Prime Minister will decide whether the subsidy on petroleum products will be abolished or further reduced from June 1 or wait until June 16.