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PM Imran Khan rejects OGRA’s suggestion to hike petrol value

PM Imran Khan rejects OGRA's recommendation to hike petrol price
Prime Minister Imran Khan on Monday rejected the Oil and Fuel Regulatory Authority’s (OGRA) suggestion to hike the worth of petroleum merchandise.

OGRA had forwarded a abstract to the prime minister a couple of days in the past, in search of a rise of Rs14.07 per litre within the value of petrol and Rs13.61 per litre within the value of excessive velocity diesel.

Learn extra: Petrol value in Pakistan anticipated to go up after Feb 15

The authority had additionally really useful a rise within the value of kerosene oil by Rs10.79 per litre.

Following the prime minister’s resolution, the Ministry of Finance said that the petrol value will stay unchanged at Rs111.90 per litre and that the worth of diesel will stay Rs116.07 per litre as earlier than.

The costs of kerosene oil and light-weight diesel can even stay at Rs80.19 and Rs79.23 respectively, in accordance with the finance ministry.

In keeping with sources, the Oil and Fuel Regulatory Authority (OGRA) had despatched a abstract for revision of charges to the Petroleum Division.

Sources had additionally stated that OGRA based mostly the really useful charges on a levy of Rs30 per litre and had suggested that the worth of petrol be raised by Rs16 per litre.

Within the abstract forwarded by OGRA, diesel was really useful to be priced at Rs14.75 per litre dearer, the sources had stated.

They added that at present a petroleum levy of Rs21.04 is in impact apart from a levy of Rs22.11 per litre for diesel.

Final month, on the flip of February, the worth of petrol had gone up by Rs2.70 per litre.