ISLAMABAD Prices of the petroleum products are likely to jump up by Rs 4 per litre from the upcoming month of February, informed sources told TheNation on Thursday. According to the sources, the Government is increasing petroleum products prices because their prices have been increasing in the international market for last few weeks. Therefore, the Oil and Gas Regularity Authority (OGRA) would issue notification for the new prices on December 31 and it would be effective from February 1. Prices of the petrol may go up to Rs 69.11 per litre from its exiting prices Rs 65.11 per litre with the hike of Rs 4 per litre. Meanwhile, HOBC prices are likely to be enhanced by Rs 4 per litre and this would take the new prices up to Rs 83.43 per litre from earlier prices of Rs 79.43 per litre. According to the sources, prices of kerosene oil are likely to go up by Rs 2 per litre. The new Kerosene oil prices from February 1 might go up to Rs 64.75 per litre from Rs 60.75 per litre with the said hike. Meanwhile, light diesel prices are also likely to go up by Rs 2 per litre. The new prices would go up to Rs 60.10 per litre from existing prices of 58.10 per litre. It might be mentioned here that the Government had slashed the prices of petroleum products for the ongoing month (January). In January prices of petrol were decreased by Rs 0.89 per litre, HOBC, Rs 1.09 per litre, Kerosene oil Rs 1.88 per litre, and light diesel Rs 2.12 per litre.