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OGRA recommends Rs1 per litre hike in petrol prices

OGRA recommends Rs1 per litre hike in petrol prices
October 31, 2019
ISLAMABAD (92 News) – The Oil and Gas Regulatory Authority (Ogra) recommended the government to increase petrol prices. According to the details garnered, the Ogra has recommended that the price of petrol may be increased by Rs1 per litre and the price of high-speed diesel by Rs0.24 per litre. It has suggested Rs6.56 per litre hike in the price of the price of light diesel. Ogra has forwarded the summary to the Ministry of Energy (Petroleum Division), which would send it to the Ministry of Finance for approval. The government will decide on the price revision on Thursday. For both petrol and high-speed diesel, the suggested increase is less than one per cent while the proposed reduction for kerosene oil is 2.4 per cent and LDO 7.14 per cent. Earlier, the federal government has decided to maintain the prices of petroleum products for the month of October. The Finance Ministry has issued a notification in this regard. The OGRA had recommended an Rs2.50 decrease for the petrol prices. In the month September, on the recommendation of the Oil and Gas Regulatory Authority (OGRA), the government had reduced the petrol price by Rs4.59 per liter. In a tweet, Special Assistant to the Prime Minister on Information Firdous Ashiq Awan had said that the price of high-speed diesel by Rs5.33 per liter. She said that the price of kerosene oil has been reduced by Rs4.27 per liter. Later, the Finance Ministry declared Firdous Ashiq Awan’s tweet wrong and said that high-speed diesel has been reduced to Rs5.33 instead of Rs7.67 per liter.