ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sought Rs1.90 per litre increase in the price of petrol and Rs3.25 per litre in the price of high-speed diesel.
OGRA has forwarded this summary to the Ministry of Finance that will take the decision after consultations with Prime Minister Imran Khan.
The prices of the petroleum products are usually reviewed at the end and the middle of the month. However, due to the Eid holiday till May 16, the authorities postponed the review till May 17 (today). A final decision on these prices will be announced today.
On April 30, PM Imran had refused to jack up the prices as suggested by OGRA owing to Ramzan. The OGRA had recommended up to Rs10 hike in the petroleum prices, but the prime minister had rejected the summary.
In the start of April, the government slashed prices of petroleum products by up to Rs3 per litre.
The price of high-speed diesel (HSD) was reduced by Rs3 per litre, petrol by Rs1.55 per litre, kerosene oil by Rs1.55 per litre and light-diesel oil (LDO) by Rs1.56 per litre.
On April 15, petrol prices went down again by Rs1.79 to Rs108.56 per litre. High-speed diesel became cheaper by Rs2.32 to Rs110.79. Kerosene price will go down by Rs2.6 to Rs80 per litre.
The light diesel price also reduced by Rs2.21 to Rs77.65 per litre.
