Petroleum prices likely to go up from Dec 16
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Oil and Gas Regulatory Authority (OGRA) is likely to announce enhancement in current petroleum prices with effect from December 16, 2024 for the next fortnight, reported 24NewsHD TV channel on Wednesday.
According to a report, an increase in prices of Brent crude oil of the USA and Britain Brent already registered.
In global market prices of USA Brent Crude enhanced by 63 cents from last ten days while Britain Brent crude oil being traded in global market at $68.5 per barrel.
Britain Brent crude also increased by 73 cents and being traded on $71.85 per barrel in global market.
Sources said that the ORGA will forward a summary for increase in petroleum prices to the federal government for final approval soon.