In response to particulars, a abstract has been moved from the Oil and Gasoline Regulatory Authority (Ogra) to the petroleum division for approval, looking for a rise in petrol costs by Rs4.20 per litre.
The authority has urged a rise in diesel costs by Rs3.50 per litre.
It additional emerged that the gasoline costs have been hiked whereas sustaining the levy at present utilized to those merchandise. At present, a levy of Rs4.80 per litre is being charged on petrol and Rs5.14 per litre on diesel.
Any last choice within the hike in petrol costs can be made after approval from Prime Minister Imran Khan, who had beforehand rejected such hikes a number of instances.
Prime Minister Imran Khan on Might 31 turned down a proposal by the Oil and Gasoline Regulatory Authority (OGRA) for a rise in costs of petroleum merchandise for the subsequent 15 days.
A notification on this regard was issued from the Finance Division.
The present value of petrol stands at Rs108.76 per litre, whereas the per-litre costs of diesel, kerosene oil, and light-weight diesel are Rs110.76, Rs80, and Rs77.65.86, respectively.