Prices of the petroleum products are likely to go up from Wednesday as Oil and Gas Regulatory Authority (OGRA) on Monday dispatched a summary to government, proposing six percent hike in oil prices.

OGRA sources said that the rates might go up by six percent in the wake of rise in oil prices in international market. They said price of petrol would likely be raised by Rs5.37 per liter, high octane by Rs6.3, high speed diesel Rs3.11, kerosene oil Rs2.78, and light diesel by Rs3.47 per liter.