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Ogra propose a petrol and diesel price increase: Sources

ISLAMABAD:  The Oil and Gas Regulatory Authority (OGRA) has issued a summary requesting a rise in fuel prices beginning October 16.

According to sources, the authority has proposed that the price of high-speed diesel be increased by Rs10 per litre (HSD).

The regulator has proposed a petrol price rise of Rs5.90 per litre.

Also read: Government collects 33% less tax on petrol against previous government :Minister

The ministry has received the regulator’s summary of the revised petroleum product tariffs. According to sources, Prime Minister Imran Khan will make the final judgement on the case.

Sources prior to the matter said that OGRA has prepared its summary on the basis of the existing levy.

Earlier, the federal government had increased the price of petrol by Rs4 per litre from October 01.

Also read: Haroon Rashid is expected to become the new SAPM for Petroleum

The government approved Rs4 per litre increase on petrol and Rs2 per litre in the price of diesel. The price of kerosene oil went up by Rs7.05 while the rate of light diesel was jacked up to Rs8.82 per litre.

Petrol, with the Rs4 increase, currently cost Rs127.30 per litre, whereas high-speed diesel, with an increase of Rs2, now cost Rs122.04 per litre.

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