OGRA recommends Rs11.50 per litre hike in petrol price

 OGRA recommends Rs11.50 per litre hike in petrol price

OGRA recommends Rs11.50 per litre hike in petrol price

ISLAMABAD, 14 July: The Oil and Gas Regulatory Authority (OGRA) has prepared a summary, seeking an increase in petrol prices from July 16, quoting sources.

According to sources privy to the decision, the OGRA regulator has recommended an increase in petrol price by Rs11.50 per litre.

The authority has suggested an increase of Rs2.40 per litre in the price of high-speed diesel, Rs1.50 in the price of kerosene oil and Rs1.40 in light diesel.

Any final decision in the hike in petrol prices would be made after approval from Prime Minister Imran Khan.

On June 30, the petroleum ministry had announced Rs2 per liter hike in petrol price.

The government had approved Rs2 per litre increase on petrol and Rs1.44 per litre on diesel. The price of kerosene oil had been increased up to Rs3.86 per litre while the rate of light diesel was jacked up to Rs3.72 per litre.

Read this: Recent hike in prices of petroleum challenged in LHC

The recent hike in prices of petroleum products was challenged in the Lahore High Court (LHC) on Saturday.

Advocate Azhar Siddique filed a miscellaneous application in the pending case pertaining to fuel prices. He stated that the government has once again jacked up the prices of petroleum products. 

Web Desk

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