Petrol prices increased by Rs2.70 per litre from February 1

ISLAMABAD (92 News) - Prime Minister (PM) Imran Khan Sunday while rejecting the OGRA's summary for petrol price hike by Rs 13.18 per liter, approved a minimal increase of just Rs 2.70.

According to the reports, the Oil Gas and Regulatory Authority (OGRA) had sent a summary of increasing prices of petroleum products for the 1st day of February.

In a summary sent to the Prime Minister, OGRA proposed an increase of Rs 12.18 per litre in petrol, Rs 12.12 per litre in high-speed diesel, Rs 11.10 per litre in kerosene and Rs 6.62 per litre in light diesel.

The prime minister rejected the recommendations sent by OGRA for raising the prices of petroleum products and approved a minimum increase in the prices of petroleum products. Prime Minister Imran Khan in the public interest raised only Rs 2.70 per litre for petrol, Rs 2.88 per litre for high-speed diesel and Rs 3.54 per litre for kerosene And approved an increase of Rs. 3.00 per litre in the price of light diesel.

The new prices of petroleum products will be applicable from 12 noon tonight till February 15. It is to be noted that OGRA sends a summary of increase in prices of petroleum products to the Prime Minister’s House every fortnight, after which the Prime Minister reviews the prices and approves the new prices.

Earlier, OGRA had recommended an increase in petrol price by Rs 13 per litre from January 15, but the Prime Minister approved an increase in petrol price by Rs 3.20 per litre.