ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has prepared a summary seeking an increase in petrol prices from June 1, sources revealed on Sunday.
Sources claimed that OGRA has recommended an increase in diesel prices by Rs4.30 per litre besides a minimal increase in prices of petrol and kerosene oil. However, light diesel prices will remain unchanged.
In this regard, a summary to revise fuel prices for the next 15 days has been sent to the Ministry of Finance for approval. However, the final approval will be given by Prime Minister Imran Khan, who had rejected a similar summary for a price hike earlier on May 17.
Earlier, the PTI-led federal government had kept the prices of all petroleum products unchanged for May, State Minister for Information and Broadcasting Farrukh Habib announced.
Taking to Twitter, the minister had said that petroleum products price will remain the same till May 31, adding that Prime Minister Imran Khan had decided not to burden the people despite increasing rates in the international market.
پیٹرولیم مصنوعات کی قیمتیں نہ بڑھانے سے حکومتی خزانہ کو2.77 ارب کا روپے بوجھ برداشت کرنا پڑے گا۔حکومت نے نہ صرف پیٹرولیم لیوی میں ا،یڈجسمنٹ کی بلکہ لائیٹ ڈیزل اور کیروسین آئل پر سیلز ٹیکس میں بھی کمی کی ہے
— Farrukh Habib (@FarrukhHabibISF) May 17, 2021
Farrukh Habib had also claimed the national exchequer would suffer a loss of Rs2.77 billion if the rates of petroleum products are not increased. “We have not only adjusted petroleum levy but also reduced the sales tax on light diesel and kerosene oil.”
Therefore, petrol will continue to cost Rs108.56 per litre, diesel Rs110.76 per litre, kerosene oil Rs80, and light diesel oil Rs77.65 per litre.
PM Imran Khan had not increased petrol prices in April despite an increase in the rates internationally, and due to that, the national exchequer suffered a loss of Rs4.8 billion.
