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OGRA seeks over Rs5 per litre hike in petrol, diesel prices: Sources

As per sources, the OGRA has sent a summary to the petroleum division seeking an increase in petrol price by Rs5.25 per litre.

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OGRA seeks over Rs5 per litre hike in petrol, diesel prices: Sources
GNN Media: Representational Photo

Islamabad: Fuel prices in Pakistan is expected to increase by Rs5.25 per litre from October 1, said sources quoting a proposal sent by Oil and Gas Regulatory Authority (OGRA) to the Ministry of Finance.

As per sources, the OGRA has sent a summary to the petroleum division seeking an increase in petrol price by Rs5.25 per litre.

The price of diesel is expected to move up by Rs3.5 per litre, the sources added.

The Ministry of Finance, however, would make a final decision after consultations with Prime Minister Imran Khan.

“The change in petroleum prices will rely on adjustments on petroleum levy,” said sources adding that General Sales Tax (GST) will added to the petrol and diesel prices.

“Currently, there is an Rs5.62 per litre petroleum levy imposed on petrol and Rs5.14 per litre on diesel,” they said.

On September 15, the federal government announced Rs5 increase in the price of petrol owing to the fluctuations in petroleum prices in the international market and exchange rate variation.

With Rs5 increase, Petrol costs Rs123.30 per litre, whereas high-speed diesel, with an increase of Rs5.01, costs Rs120.04 per litre.

In addition, kerosene is priced at Rs96.26 per litre, whereas light diesel oil is being sold at Rs90.69 per litre.

 

Mehak Javed

Mehak Javed is immensely creative and an enthusiastic journalist, contributing in the publication of timely and accurate news. She is a skilled writer along proven history of achievement in the field with several years of professional experience. Mehak is working with GNN since 2020.

Sports

FIFA ready to test semi-automated offside technology at Arab Cup

The technology is based on limb tracking and provides the Video Assistant Referee (VAR) with information before the on-field official takes a final call.

Published by Faisal Ali Ghumman

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FIFA ready to test semi-automated offside technology at Arab Cup

World soccer's governing body FIFA will test its semi-automated offside technology at the Arab Cup 2021 which begins in Qatar on Tuesday, with Chief Refereeing Officer Pierluigi Collina saying the competition represented its most important trial so far.

The technology is based on limb tracking and provides the Video Assistant Referee (VAR) with information before the on-field official takes a final call.

"We'll have a camera setup installed under the roof of each stadium," FIFA's Football Technology and Innovation Director Johannes Holzmueller said in a statement on Monday.

"The limb-tracking data extracted from the video will be sent to the operations rooms and the calculated offside line and detected kick-point is provided to the replay operator in almost real time.

"The replay operator then has the opportunity to show it immediately to the VAR. At the FIFA Arab Cup the assistant VAR at a dedicated offside station can immediately validate and confirm the information."
FIFA's Chief of Global Football Development Arsene Wenger said in April that he hoped the organisation would be ready to implement the technology at next year's World Cup in Qatar.

In March, former Netherlands forward Marco van Basten called on football's lawmakers to consider scrapping the offside rule, saying that the sport would be better off without it.

The game has seen several contentious offside calls since the introduction of the VAR, with growing concern about the time taken and the precision with which offsides are judged.

"Technology is very important and useful in both the pre-match preparation and the decision-making process during matches," Collina said.

"In an offside incident, the decision is made after having analysed not only the players' position but also their involvement in the move.

"Technology – today or tomorrow – can draw a line but the assessment of an interference with play or with an opponent remains in the referee's hands."

SOURCE: REUTERS

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Pakistan

Pakistan offers to host OIC FMs on Afghanistan situation

In a video message, the Foreign Minister Shah Mahmood Qureshi said Pakistan fully endorses this initiative of Saudi Arabia, the current OIC summit chair.

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Pakistan offers to host OIC FMs on Afghanistan situation

Islamabad: Pakistan has offered to host the extraordinary session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) to discuss the latest situation in Afghanistan.

In a video message, the Foreign Minister Shah Mahmood Qureshi said Pakistan fully endorses this initiative of Saudi Arabia, the current OIC summit chair.

He said Pakistan also offers to host this meeting in Islamabad on the 17th of next month.

Shah Mahmood Qureshi said we are confident that the OIC member states will endorse this offer.

He said Afghanistan is currently facing a serious humanitarian situation as millions of Afghans including women and children are confronted with an uncertain future due to a shortage of food, medicine and other essential living supplies.

The Foreign Minister said the advent of winter has exacerbated the humanitarian crisis.

He urged the OIC to step up to alleviate the humanitarian needs of the Afghan people, provide immediate and sustained support to them, and continue to remain engaged with them for the wellbeing and prosperity of Afghanistan.

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Health

'We are already working on vaccine against Covid's Omicron variant': Pfizer CEO

Pfizer has already started working on a version of its Covid-19 vaccine specifically targeting the Omicron variant in case the current inoculation is not effective against the new strain, the US drugmaker's CEO Albert Bourla said Monday.

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'We are already working on vaccine against Covid's Omicron variant': Pfizer CEO

Bourla told CNBC that his company on Friday began testing the current vaccine against the Omicron variant, which was first reported in South Africa and reignited fears of a global wave of Covid-19 infections.

"I don't think the result will be the vaccines don't protect," Bourla said.

But the testing could show that existing shots "protect less," which means "that we need to create a new vaccine," Bourla said.

"Friday we made our first DNA template, which is the first possible inflection of the development process of a new vaccine," he said.

Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine in 95 days when there were concerns the previous formula would not work against Delta, though that version ultimately was not used.

The current vaccine is "very effective" against Delta, the executive said, adding that the companies expect to be able to produce four billion vaccine doses in 2022.

On Monday, the World Health Organization warned the new Covid-19 Omicron variant poses a "very high" risk globally.

Bourla said he was also "very confident" that Pfizer's recently unveiled antiviral pill would work as a treatment for infections caused by the mutations, including Omicron.

Among newly-infected, high risk patients treated within three days of the onset of symptoms, Pfizer's pill has been shown to cut hospitalization or death by nearly 90 percent.

SOURCE: AFP/CNBC

 

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