OGRA proposes Rs83.5 per litre price increase in petrol: sources

Islamabad: The Oil and Gas Regulatory Authority (OGRA) has recommened Rs83.50 per litre increase in petrol, sources told GNN.

The proposal submitted to the petroleum division includes working on petroleum levy and general sales tax (GST).

Sources said the proposal of an increase of Rs83.50 per litre petrol and Rs119 per litre diesel has been submitted which includes a Rs30 levy and 17% GST.

However, with the existing tax and levy, the authorities have proposed the Finance Division increase the petrol price by Rs21.52 per litre and Rs51.30 per litre diesel.

For kerosene oil Rs35.5 per litre and Rs38.89 per litre light-diesel increases have been proposed on the current tax rate.

While with higher levy and GST a hike of Rs77.56 per litre of kerosene oil and Rs77.31 per litre of light diesel has been proposed.

Sources, however, said a final decision in this regard would be taken by the Finance Division after consultation with Prime Minister Shehbaz Sharif.