PM Shehbaz rejects OGRA's proposal to increase petrol price

Islamabad: Prime Minister Shehbaz Sharif has rejected the proposal of the Oil and Gas Regulatory Authority's (OGRA) to increase the prices of petroleum products.

The annoncement came through PML-N's economy account on Twitter.

اوگرا کی سمری مسترد، وزیر اعظم کا پیٹرولیم مصنوعات کی قیمتوں میں اضافہ نہ کرنے کا فیصلہ

— PMLN Economy (@PMLNEconomy) April 15, 2022

There will be no change in the price of petroleum products as of now, adding that the premier has maintained that the government will bear the burden of the hike in the prices of petroleum products itself instead of shifting it to the masses, sources had told Geo News.

Earlier, the authority had sent a proposal to the Finance Division to increase the price of petrol by Rs21.50 and diesel by Rs51.30 (based on existing/current petroleum levy and GST).