NewsPakistan

PM Khan rejects OGRA’s summary suggesting increase in petrol prices

No increase in Petroleum prices

ISLAMABAD: In a bid to provide relief to the masses, Prime Minister Imran Khan on Monday rejected a summary of Oil and Gas Regulatory Authority (Ogra), which recommended an increase in prices of petroleum products.

“The federal government will not increase fuel prices for the remaining days of the ongoing month in order to provide relief to masses,” said the prime minister in a statement.

Summary

The Oil and Gas Regulatory Authority (Ogra) had proposed an increase of Rs14.07 per litre in petrol price, Rs13.61 and Rs10.79 in prices of high speed diesel (HSD) and kerosene oil respectively. The regulator had also recommended price hike of light diesel oil (LDO) by Rs7.43 per litre, effective from tomorrow (Tuesday).

In case of Ogra summary’s approval, new petrol price would have been Rs125.97 per litre, HSD at Rs129.68 and kerosene oil and LDO at Rs10.79 and Rs86.66 per litre respectively.

Current prices

Petrol: Rs111.90

Diesel: Rs116.07

Kerosene oil: Rs80.19

Light diesel oil: Rs79.23

Abdullah Zahid

Abdullah Zahid is TPD's correspondent in Karachi. He reports on Pakistani political affairs.

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