PM rejects OGRA's proposal for another increase in petroleum prices
ISLAMABAD: Prime Minister Imran Khan on Monday has rejected the Oil and Gas Regulatory Authority's (OGRA) recommendation to increase the prices of petroleum products.
According to a statement issued by the Prime Minister's Office (PMO), the price of petrol will remain unchanged at Rs. 145.82 per liter, diesel at Rs. 142.62 per liter, kerosene oil at Rs. 116.53 per liter, and light diesel at Rs. 114.07 till the end of the month.
OGRA, in its summary, suggested that the price of petrol be increased by Rs5 to Rs150.82 per litre and that of high-speed diesel by Rs5 to 147.62 per litre from November 16.
However, the PM’s Office have disclosed that the premier rejected OGRA’s summary in order to provide relief to the masses.
On November 5, the federal government raised the prices of petroleum products by up to six per cent by making adjustments in petroleum levy (PL) and general sales tax (GST).
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