Federal government approves increase in petrol prices

Lahore, 15th July: The federal government announced on Thursday to increase the petrol prices by Rs 5.40 per liter.

According to details, the price of petrol has been hiked by Rs 5.40 per liter while the price of high-speed diesel (HSD) has been increased by Rs2.54/liter and light diesel by Rs 1.27 per liter.

While the price of kerosene oil has been increased up by Rs 1.39/liter.

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On the other hand, the Oil and Gas Regulatory Authority (OGRA) had recommended an increase of Rs 11.40 per liter in petrol price.

Meanwhile, Special Assistant to Prime Minister on Political Communication Shahbaz Gill announced on his official Twitter account that Prime Minister Imran Khan went against OGRA’s recommendation and approved a Rs 5.40 increase in petrol price keeping in mind public interest.

In a series of tweets, the SAPM wrote, “PM Imran Khan decided to provide relief to the people against OGRA’s recommendations regarding prices of petroleum products. OGRA had proposed an increase of Rs 11.40 per liter in the price of petrol in view of rising prices of petroleum products in the global market for the last several months.”

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He added, “Contrary to OGRA’s recommendations, the Prime Minister has approved a mere Rs 5.40 per liter increase in the price of petrol in the public interest. The price of diesel has been fixed at Rs 2.54 per liter, kerosene at Rs 1.39 per liter and light diesel at Rs 1.27 per liter.”

Ending his message, Gill wrote, “According to the OGRA proposal, the government will bear the burden of the decision not to increase petrol prices and provide maximum relief to the people.”

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