The government has approved a Rs2 increase in the price of petrol, dismissing OGRA’s recommendation of a Rs6.05 hike.
The news came on Wednesday in a tweet by Special Assistant to Prime Minister (SAPM) on Political Communication Shahbaz Gill.
Gill said that the Oil and Gas Regulatory Authority (OGRA) had recommended an increase of Rs6.05, but Prime Minister Imran Khan rejected it, instead approving an increase of Rs2 per litre for petrol.
The premier’s aide said that the recommended increase by OGRA was in accordance with a rise in fuel prices in the international market.
According to the SAPM, the recommendation also included an increase of Rs3.44 for the price of diesel but the prime minister approved an increase of Rs1.44.
A notification issued by the Ministry of Finance said that kerosene oil would see an increase of Rs3.86, whereas light diesel oil would go up by Rs3.72.
Earlier in June, PM Imran Khan rejected a proposal by OGRA for an increase in fuel prices.
The price of petrol at the start of June stood at Rs108.76 per litre, while the prices of diesel, kerosene oil, and light diesel were Rs110.76, Rs80, and Rs77.65.86, respectively.
