OGRA proposes Rs14 per litre hike in petrol prices

OGRA proposes Rs14 per litre hike in petrol prices

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The Oil and Gas Regulatory Authority (OGRA) has proposed to the government an increase of Rs14.37 per litre in the price of petroleum from the start of the next month, sources told Geo News on Monday.

In a summary moved by OGRA, the regulatory body has recommended an increase of Rs4.89 per litre in the price of high speed diesel. Sources said body has recommended a price hike of Rs7.46 per litre in kerosene oil and Rs6.40 per litre in light diesel oil prices.

If prices are increased according to OGRA’s recommendations, the per litre price of petrol would rise to Rs113.26, high speed diesel to Rs122.32, kerosene oil to Rs96.77, and light diesel oil to Rs86.94.

The Ministry of Finance will make the final decision in consultation with Prime Minister Imran Khan.

The prices of petrol and diesel are already at their highest level since the Pakistan Tehreek-e-Insaf government came into power after the party won general elections in July 2018.

The decision had come after price of international crude rose by less than 2 percent over the previous month.

Last month, the government increased the per litre price of petrol and high speed diesel by Rs6 to Rs98.89 and Rs117.43 respectively, and of light speed diesel and kerosene oil by Rs3 to Rs80.54 and Rs89.31 per litre respectively. 

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