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OGRA proposes Rs11.50 increase in petrol price

OGRA proposes Rs11.50 increase in petrol price
July 14, 2021

ISLAMABAD (92 News) - The Oil and Gas Regulatory Authority (Ogra) on Wednesday proposed Rs11 per litre increase in the petrol price.

According to a summary forwarded to the Petroleum Division, the Ogra recommended a hike of Rs2.40 per litre in the price of high speed diesel.

Similarly, Rs1.40 and Rs1.50 hike was recommended in prices of light diesel and kerosene oils, respectively.

However, the final approval with regard to revision in prices rests with Prime Minister Imran Khan. The new prices will take effect from July 16.

Earlier two weeks ago, the federal government has announced an Rs 2 per litre increase in the petrol price for 15 days.

According to the announcement by the Finance Ministry, the petrol price has been fixed at Rs 110.69 per litre.

On the other hand, an Rs 1.79 increase has been announced in the price of high-speed diesel.

In a tweet, Special Assistant to the Prime Minister on Political Communication Dr Shahbaz Gill said that the OGRA had proposed Rs 6.05 increase in the petrol price due to an increase in the POL products in the international market.

"Likewise there was a proposal to increase the diesel price by Rs 3.44. But only an increase of Rs 1.44 has been allowed," he said.