Summary presented by OGRA suggests an increase in petrol prices

Lahore, 14th March: The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Petroleum Division to increase the price of petroleum products.

Baaghi TV: According to reports, the price of petrol can be likely increased up to Rs 5.50 per litre according to recommendations by OGRA in the summary while the price of diesel can be hiked by Rs 6.

AS per sources, the present rate of levy imposed on petrol is Rs 12.65 per litre while on diesel, it is Rs 12.53 per litre.

However, the final decision on the increase in petroleum prices will be taken by the prime minister after he consults with the Ministry of Finance.

Last month, Special Assistant to the Prime Minister on Political Communication Dr Shahbaz Gill had said that petrol price would remain the same in March.

Gill informed that OGRA had recommended an increase of Rs 6-7 per litre but PM Khan had turned it down.

He said, “The government has made no increase in the prices of petroleum products.”

Gill also attached the summary that had been forwarded to the premier by the Finance Division for approval.

According to the summary presented, an increase of Rs 6.22 had been recommended for Petrol, of Rs 6.82 for High-Speed Diesel, of Rs 6.37 for Kerosene and of Rs 5.78 for Light Diesel Oil.

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