Petrol

ISLAMABAD: The prices of petroleum products are likely to go up for the third time in less than five weeks from February 1.
According to details, the Oil and Gas Regulatory Authority (OGRA) has sent a summary of the prices of petroleum products in which it has proposed an increase of Rs12 per litre for petrol and Rs10 per litre for diesel. The final decision would be taken by the Ministry of Finance headed by Dr Abdul Hafeez Shaikh after consultation with Prime Minister Imran Khan.
The Ogra prepared its summary on the basis of a levy of Rs30 per litre. Currently, the levy on petrol is Rs21.56 per litre and Rs23.9 per litre on diesel. The government can reduce the proposed increase to a very low level by not increasing the levy or it can maintain the current prices of petroleum products with a slight reduction in the levy. – TLTP