Tuesday, September 27, 2022

OGRA recommends Rs5.50 increase in petrol prices

OGRA recommends Rs5.50 increase in petrol prices

ISLAMABAD (92 News) - The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Petroleum Division in which it has suggested to increase the petrol prices by Rs5.50 per litre

According to the Ogra summary sent to the Petroleum Division, prices of petrol and diesel are recommended to be increased by Rs5.05 and Rs6, respectively.

The final decision regarding the prices will be taken by the prime minister after consultation with the finance ministry.

The prices are revised every 15 days.

On February 26, PM Imran Khan has rejected a summary of Oil and Gas Regulatory Authority (OGRA) for increasing petroleum prices from about Rs6 to 7 per litre.

In a tweet uploaded on Sunday, PM's Special Assistant on Political Communication Dr Shahbaz Gill informed that the prime minister did not approve the proposed increase in the prices of the petroleum products.

PM Khan continuously rejected the OGRA's summary for increasing the petroleum prices at second time. He further said that there was no increase in the prices of petroleum products despite the continuous rise in the prices in the world market.

According to the reports POL prices will remain unchanged till March 15. OGRA, in its oil prices summary, proposed the government to jack up the petrol price by Rs7 per litre and high-speed diesel (HSD) by Rs6 per litre for next 15 day but as per the final decision, the premier rejected the proposed increase.