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Petrol might turn out to be dearer in Pakistan from February

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  • OGRA recommends growing petrol worth by Rs12 per litre, say sources
  • The regulator additionally really useful diesel worth to be hiked by Rs10 per litre
  • Pakistan authorities had elevated the costs of petroleum merchandise twice after each 15 days in January

ISLAMABAD: The costs of petroleum merchandise in Pakistan are more likely to go up but once more from February 1.

The Oil and Fuel Regulatory Authority (OGRA) has despatched a abstract of the costs of petroleum merchandise through which it has proposed a rise of Rs12 per litre for petrol and Rs10 per litre for diesel, say sources within the petroleum division.

The ultimate choice can be taken by the Ministry of Finance headed by Dr Abdul Hafeez Shaikh after session with Prime Minister Imran Khan.

Learn in regards to the enhance in Pakistan petrol costs in January

Ogra ready its abstract on the premise of a levy of Rs30 per litre. Presently, the levy on petrol is Rs21.56 per litre and Rs23.9 per litre on diesel.

The federal government can scale back the proposed enhance to a really low stage by not growing the levy or it could possibly preserve the present costs of petroleum merchandise with a slight discount within the levy.

Final month, the federal government had elevated the costs of petroleum merchandise twice after each 15 days.

On January 1, the worth of petrol went up by Rs 2.31 and diesel by Rs1.80, whereas on January 15, the federal government once more elevated the worth of petroleum merchandise with petrol changing into Rs3.20 dearer per litre and diesel Rs2.95 dearer per litre.

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