The Oil and Gas Regulatory Authority (OGRA) on Thursday rejected that it had dispatched an abstract to the federal government proposing an increase within the worth of petroleum merchandise.
“Reviews circulating on media relating to a rise in costs of petroleum merchandise are based mostly on hypothesis,” stated a spokesperson of the authority.
Earlier within the day, sources within the petroleum division instructed Geo News that OGRA has advised growing the worth of petroleum merchandise by Rs11.95 per liter from January 16.
Sources stated that the authority has additionally advised growing the diesel worth by Rs9.57 per liter.
The ultimate decision could be taken by the Ministry of Finance headed by Dr Abdul Hafeez Shaikh after discussion with Prime Minister Imran Khan.
On December 30, 2020, the federal authorities had finalized to increase the petrol worth by Rs2.31 per liter throughout Pakistan after rejecting an OGRA abstract recommending a rise of Rs10.68 per liter for petrol, Rs8.37 per liter for diesel, Rs10.92 per liter for kerosene oil, and Rs14.87 per liter for mild diesel oil.
PM Imran Khan had passed elevating diesel by a decrease Rs1.08 per liter, kerosene oil by Rs3.36 and light diesel oil by Rs3.95.
Subsequently, petrol is at present being offered at Rs106 per liter whereas diesel is obtainable for Rs110.24 per liter, kerosene oil for Rs73.65 and light-weight diesel oil for Rs71.81.