ISLAMABAD - People should brace for another hike in prices as the government is likely to drop petroleum bomb on the masses from June 1. A summary has been prepared by Ogra to increase the petroleum products prices by Rs 4 from June 1. The summary would be forwarded to the prime minister for approval by May 30. According to the summary, petrol prices to be increased by Rs 4 and kerosene oil by Rs 3.
Sources said after the presentation of the budget the petroleum prices are likely to increase further.