ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has once again proposed Rs16 per litre hike in petrol price from February 16, according to sources on Saturday.
According to details, the oil regulatory authority has forwarded its summary regarding new rates of petroleum products to the Finance Ministry. The OGRA has proposed raising Rs14 per litre on high-speed diesel.
Relevant sources have informed that OGRA has prepared its summary on the basis of a levy of Rs30 per litre. Currently, the levy on petrol is Rs21.04 per litre.
Sources further said that petrol price is likely to go up by Rs5.50 and diesel Rs5.75 for remaining days of the ongoing month. The OGRA summary proposing new rates will take effect from February 16 after approval by Prime Minister Imran Khan.
Earlier on February 1, the federal government had increased the prices of petroleum products following the approval of Prime Minister Imran Khan. The government had approved Rs2.70 per litre increase on petrol and Rs2.88 per litre on diesel.
Currently, petroleum prices in Pakistan are as follows:
Petrol: Rs111.90
Diesel: Rs116.07
Kerosene oil: Rs80.19
Light diesel oil: Rs79.23
