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.

This news was published in The Nation newspaper. Read complete newspaper of 21-May-2014 here.