Home General OGRA seeks Rs 4.3 per litre hike in price of diesel

OGRA seeks Rs 4.3 per litre hike in price of diesel

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Petroleum Division to revise upward the prices of petroleum products from June 1.
According to sources, the OGRA has proposed an increase of Rs4.30 per litre in the price of diesel, while a slight increase in the price of petrol and kerosene has also been suggested. However, the OGRA is proposing to maintain the price of light diesel, sources said.
“The light diesel prices will remain unchanged,” they said, adding that the summary for increasing fuel prices for a period of the next 15 days from June 01 is being sent to the finance ministry for approval.
The final decision on the prices of petroleum products will be taken by the Ministry of Finance in consultation with Prime Minister Imran Khan.
Earlier on May 17, the prices of petroleum products remained unchanged till 31st of May after Prime Minister Imran Khan turned down a proposal by the Oil and Gas Regulatory Authority for an increase in fuel prices.
Taking to social networking website Twitter, State Minister for Information and Broadcasting Farrukh Habib said that the prices of petroleum products would remain unchanged for May. PM Imran Khan did not want to put the burden on the people despite increasing prices in the international market, he added.
The minister had claimed the national exchequer would suffer a loss of Rs2.77 billion if the rates of petroleum products are not increased.
“The government has not only adjusted petroleum levy but also reduced the sales tax on light diesel and kerosene oil,” he further said, adding, therefore, petrol will continue to cost Rs108.56 per litre, diesel Rs110.76 per litre, kerosene oil Rs80, and light diesel oil Rs77.65 per litre until May 31. – TLTP