ISLAMABAD (92 news) – Oil and Gas Regulatory Authority (OGRA) recommended Rs14.37 per litre hike in the price of petrol from May 01, sources disclosed Monday.
According to the reports, the OGRA has moved summary of increasing petroleum product prices to the petroleum division.
In its summary, OGRA has suggested Rs4.89 per litre increase in diesel prices, Rs7.46 per litre in kerosene oil and Rs6.40 per litre hike in Light diesel prices.
On the recommendations, the final decision would be made by the Finance Ministry with the consultation of Prime Minister Imran Khan.
OGRA recommends reduction of petrol prices
Meanwhile, the OGRA suggested an increase of Rs1 in the price of light diesel.
The finance ministry will take a decision on the summary after approval from Prime Minister Imran Khan today (on Thursday). The new price will be implemented from February 1, 2019.
Govt reduces petrol prices by Rs 4.86 per litre on New Year’s Eve
The prices of kerosene have been decreased by 0.52 while the rate of Light Diesel Oil has been reduced by 2.16 rupees per liter.
The new prices of petrol will be 90.97 rupees per liter, Hi-Speed Diesel 106.68 rupees, Kerosene Oil 82.98 rupees while the price of Light Diesel Oil will be 75.28 rupees per liter.The petrol prices have been reduced by Rs4.86 per litre, setting the price at Rs90.97 per litre. The new prices will take effect from midnight.
Earlier, the Oil and Gas Regulatory Authority (Ogra) recommended a reduction in the prices of petroleum products by up to 13.5 per cent for the month of January 2019.
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