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OGRA Proposes Rs14.37 Per Litre Hike In Petrol Prices

Oil and Gas Regulatory Authority (OGRA) has proposed Rs14.37 per litre hike in petrol prices.

According to reports, the summary from OGRA for petrol price increase for May has reached the Ministry of Finance. A final decision will be made after meeting between Ministry of Finance officials and Prime Minister Imran Khan.

OGRA has proposed that petrol prices be increased by Rs14.37 to Rs113.26 per litre. Among other petroleum products, while the regulatory authority has worked the price of high-speed diesel (HSD) at about Rs122.32, up Rs4.89 per litre.

Likewise, the price of light diesel has been proposed at about Rs86.94, up by Rs6.40. Kerosene around has been proposed to be sold at Rs96.77, up by Rs7.46.

In April, the Pakistan Tehreek-e-Insaf (PTI) had increased prices of petroleum products by 6.45 per cent. The then finance minister Asad Umar said that OGRA proposed an increase that was double of what the PTI accepted and implemented.

Umar had slammed the former Pakistan Muslim League-Nawaz (PML-N) government, accusing them of the crisis and saying that one needed to see how ‘they had been playing with the oil prices’.

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