Islamabad: Prices of petroleum products are likely to witness a big surge from February 16.

The petroleum products prices are likely to be enhanced by Rs 6.55 per liter.

Sources said the price of petrol is likely to increase by Rs 4.39 per liter and price of high speed diesel by Rs 5.40 per liter.

Sources said price of kerosine oil is likely to be enhanced by Rs 4 per liter and price of light diesel by Rs 6.55 per liter.

Working has been completed with regard to prices of petroleum products. OGRA will send summary with reference to change in prices to petroleum division .

Petroleum division will issue notification with reference to new prices after the approval from Prime Minister.

New prices will be applicable from February 16.