The Oil and Fuel Regulatory Authority (Ogra) on Thursday refuted reviews of sending a abstract to the federal government recommending a rise in petrol costs.
“Reports circulating on media regarding an increase in prices of petroleum products are based on speculation,” mentioned a spokesperson of the authority.
Earlier within the day, sources within the petroleum division advised Geo Information that Ogra has advisable growing the worth of petroleum merchandise by Rs11.95 per litre from January 16.
Sources mentioned that the authority has additionally advisable growing the diesel value by Rs9.57 per litre.
The ultimate choice could be taken by the Ministry of Finance headed by Dr Abdul Hafeez Shaikh after session with Prime Minister Imran Khan.
On December 30, 2020, the federal authorities had determined to lift the petrol value by Rs2.31 per litre throughout Pakistan after rejecting an Ogra abstract recommending a rise of Rs10.68 per litre for petrol, Rs8.37 per litre for diesel, Rs10.92 per litre for kerosene oil, and Rs14.87 per litre for gentle diesel oil.
PM Imran Khan had okayed elevating diesel by a decrease Rs1.08 per litre, kerosene oil by Rs3.36 and lightweight diesel oil by Rs3.95.
Consequently, petrol is at present being offered at Rs106 per litre whereas diesel is out there for Rs110.24 per litre, kerosene oil for Rs73.65 and gentle diesel oil for Rs71.81.