Islamabad: Oil and Gas Regulatory Authority (OGRA) has advised the federal government to raise the price of petroleum products by as much as Rs. 16, raising the possibility of a hike by February 16.
Citing the rising price of crude oil in international markets, OGRA has recommended the hike to be implemented by the middle of the current month. It is expected that the price of petrol will be raised by Rs. 5.50 while diesel is expected to be hitched up by Rs. 5.75 per liter.
OGRA has dispatched the summary to Petroleum Division, preparing the recommendation on Rs. 30 per liter levy. The summary recommends Rs. 16 per liter hike in petrol price and a Rs. 14.75 per liter hike in diesel price.
The current levy on petrol is Rs. 21.04 while on diesel it is Rs. 22 per liter.
The final decision will be made by the Finance Ministry in consultation with Prime Minister Imran Khan.
Ex-Google DeepMind researcher adds to warnings that AI could 'kill all humans'
- 15 hours ago
The hidden $350 surcharge on American households
- a day ago
'Widow's Bay' scores big and 'The Pitt' wins again at TV's Emmy Awards
- 14 hours ago
Yemen conflict displaces over 100,000 people, UN says
- 9 hours ago
Oil rises above $108 as attacks, pipeline outage deepen Saudi supply concerns
- 15 hours ago
Schools are catching on to Big Tech’s playbook
- an hour ago
MANNING MIRACLE: TEXAS stuns OHIO STATE with 20-point comeback...
- 2 days ago
COAS Munir reaffirms commitment to stronger ties with Lebanon
- a day ago
Why Apple’s next computer should be for the smart home
- an hour ago
Waymo pulls over, calls cops on riders with a ghost gun
- an hour ago
Pakistan, Indonesia vow to strengthen defence cooperation
- a day ago
OpenAI’s rogue AI tried to hack another company in May
- a day ago
