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.
Pakistan's first, most advanced coblation treatment for cancer launched
- an hour ago
Taliban administration bans internet in Afghanistan
- 38 minutes ago
A Democratic senator on the fights his party has to pick
- 6 hours ago
Dabo defends record following 1-2 start, poll exit
- 7 hours ago
Heavy rain in areas of Islamabad, Azad Kashmir
- 2 hours ago
Joint statement on state visit of PM Shehbaz to Kingdom of Saudi Arabia
- 4 hours ago
Why is Trump suing the New York Times?
- 6 hours ago
PM Shehbaz Sharif leaves for London after completing Saudi visit
- 31 minutes ago
Mashreq Digital Bank in Pakistan, Pakistanis in Emirates can send remittances for free
- 4 hours ago
Trump asks the Supreme Court to give him total control over the US economy
- 6 hours ago
3 cops killed in shooting in US state of Pennsylvania
- 4 hours ago
Saudi Arabia, Pakistan together against aggressor, forever and ever: Saudi Defense Minister
- 2 hours ago
