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OGRA proposes an increase in the price of fuel of Rs 5.50 from March 16

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The Oil and Gas Regulatory Authority (OGRA) on Sunday proposed a 5.50 rupee per liter increase in the price of gasoline from March 16.

According to the details, the OGRA recommended a 5.75 rupees per liter increase in high speed diesel (HSD) prices. The regulator has forwarded its summary of the new petroleum product tariffs to the ministry.

Sources prior to the case said OGRA prepared its summary based on the existing levy. Currently, the tax on gasoline is 12.65 rupees per liter and 12.53 rupees per liter for diesel.

However, the prime minister will make the final decision on petroleum product prices, the sources added.

Earlier on February 28, the prices of petroleum products would see no increase for at least a fortnight, as Prime Minister Imran Khan rejected the proposal by the Oil and Gas Regulatory Authority (OGRA) to increase tariffs in the country. fuel from March 1.

The Prime Minister’s special assistant for political communication, Dr Shahbaz Gill had tweeted that the OGRA recommended an increase in the prices of petroleum products to Rs7, but the Prime Minister did not accept the proposal.

He had previously informed sources that, despite the constant rise in international oil rates, Prime Minister (PM) Khan had not authorized increases in fuel prices.

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