The Oil and Gas Regulatory Authority (Ogra) on Thursday denied that it had despatched a abstract to the federal government proposing a hike within the worth of petroleum merchandise.
“Reports circulating on media regarding an increase in prices of petroleum products are based on speculation,” stated a spokesperson of the authority.
Earlier within the day, sources within the petroleum division advised Geo News that Ogra has really useful rising the worth of petroleum merchandise by Rs11.95 per litre from January 16.
Sources stated that the authority has additionally really useful rising the diesel worth by Rs9.57 per litre.
The remaining choice could be taken by the Ministry of Finance headed by Dr Abdul Hafeez Shaikh after session with Prime Minister Imran Khan.
On December 30, 2020, the federal authorities had determined to lift the petrol worth by Rs2.31 per litre throughout Pakistan after rejecting an Ogra abstract recommending a rise of Rs10.68 per litre for petrol, Rs8.37 per litre for diesel, Rs10.92 per litre for kerosene oil, and Rs14.87 per litre for mild diesel oil.
PM Imran Khan had okayed elevating diesel by a decrease Rs1.08 per litre, kerosene oil by Rs3.36 and lightweight diesel oil by Rs3.95.
Consequently, petrol is at the moment being offered at Rs106 per litre whereas diesel is offered for Rs110.24 per litre, kerosene oil for Rs73.65 and lightweight diesel oil for Rs71.81.