Proposal to increase up to Rs 20 petrol prices
Web Desk February 26, 2021
ISLAMABAD: Prices of petroleum products are likely to go up from March 1. OGRA has proposed an increase of Rs 20.7 per liter in the petrol prices.
According to details, the Oil Gas and Regulatory Authority (OGRA) has sent a summary to the Petroleum Division regarding the change in prices of petroleum products from March 1. The proposed prices of petroleum products were fixed on the basis of a levy of Rs 30 per liter Petrol prices
Sources said that in the summary, it has been proposed to increase the petrol pricesby Rs 20.7 per liter, diesel by Rs 19.61 per liter and based on the existing levy, the price of petrol and diesel will be increased by Rs 6.6 per liter.
According to sources, the current levy on petrol is Rs 17.97 per liter and the current levy on diesel is Rs 18.36 per liter. The change in prices will be decided in consultation with the Finance Ministry and the Prime Minister.
It may be recalled that on February 15, Prime Minister Imran Khan had rejected OGRA’s proposal to increase the prices of petroleum products to provide relief to the people.
OGRA had proposed an increase in the price of petrol by Rs 14.7 paise, while the price of high speed diesel was proposed to be increased by Rs 13.61 paise.
OGRA had proposed an increase of Rs 10.79 per liter in kerosene and Rs 7.43 per liter in light diesel.
On the summary of increase in prices of petroleum products, Prime Minister Imran Khan said that he has rejected the proposal of increase in prices keeping in view the welfare of the people, adding that the government would go to any length to provide relief to the people.
It is believed that the prices of petroleum products are changed by the government every 15 days. For the last 45 days, the prices of petroleum products in the country have been continuously increasing.