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

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ISLAMABAD: Prime Minister Imran Khan on Monday rejected the Oil and Gasoline Regulatory Authority’s (OGRA) suggestion to hike the worth of petroleum merchandise.

OGRA had forwarded a abstract to the prime minister a number of days in the past, searching for 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 helpful a rise within the value of kerosene oil by Rs10.79 per litre.

Following the prime minister’s choice, 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.

What Geo Information had earlier reported on petroleum costs

Sources had earlier confirmed to Geo Information that costs of petroleum merchandise have been anticipated to go up after February 15. 

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

Sources had additionally stated that OGRA primarily based the really helpful 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 helpful to be priced at Rs14.75 per litre dearer, the sources had stated.

They added that at the moment 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.

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