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Petrol costs prone to improve by Rs11.95 per litre

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Petrol prices likely to increase by Rs11.95 per litre

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has advisable rising the value of petroleum merchandise by Rs11.95 per litre from January 16  in a abstract despatched to the federal authorities.

Sources within the Petroleum Division advised Geo News that the authority has additionally advisable rising the diesel value by Rs9.57 per litre. The remaining determination can 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 boost the petrol value 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 gentle diesel oil.

PM Imran Khan had okayed elevating diesel by a decrease Rs1.08 per litre, kerosene oil by Rs3.36 and light-weight diesel oil by Rs3.95.

Consequently, petrol is at the moment being bought at Rs106 per litre whereas diesel is obtainable for Rs110.24 per litre, kerosene oil for Rs73.65 and light-weight diesel oil for Rs71.81.

This determination stays efficient until tomorrow [January 15].

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