The Oil and Gas Regulatory Authority (Ogra) has despatched a abstract to Prime Minister Shehbaz Sharif in quest of approval of the adjustments within the costs of petroleum merchandise.
The Oil Marketing Companies (OMCs) had urged the rise within the costs of the petroleum merchandise and then the regulatory despatched the abstract to the high minister, suggesting an upward revision of as much as Rs16.
According to the abstract, the Ogra has advisable an build up of Rs16.48 within the in line with liter value of petrol. It additionally asked the PM Shehbaz to extend the in line with liter value of Diesel through Rs6.80.
If the abstract is authorized as in line with the Ogra’s suggestions, it’s going to take the costs of Petrol and High Speed Diesel to Rs243.67 and Ra251.75, respectively.
The Ogra has additionally asked an build up of Rs1.61 in the cost of Kerosene Oil.
The new costs will likely be appropriate from August 16 for the following 15 days.
In Pakistan, the federal government evaluations the petroleum costs each and every 15 days.
The Ogra suggestions are against this to the assertions made through Minister of State for Ayesha Ghaus final week.
Following the droop within the international oil value and greenback taking a nosedive in opposition to the rupee after touching height ranges, the ministrr hinted at passing on extra reduction to the shoppers through slashing the gasoline costs within the coming days.
Source Link: https://www.suchtv.pk/pakistan/general/item/115155-summary-to-increase-petroleum-prices-sent-to-pm.html