OGRA Suggests a Huge Addition of Up to Rs. 119 in petroleum prices

The Oil and Gas Regulatory Authority (OGRA) contains suggested an addition in Oil prices of Up to Rs. 119 effectual from April 16, 2022.

The work delivered by OGRA to the Petroleum Divisions has offered an addition in Petroleum prices founded on the present nil Petroleum levy and GST rate and even on the maximum petroleum levy and GST rate.

Semi-submersible oil rig vessel

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) keeps suggesting the Federal Government create a huge hike in fuel prices, up to Rs 83.4.9 per liter on petrol and Rs 119 per liter on Diesel.

The working established on the highest petroleum levy and GST rate suggests an addition in prices of heightened speed diesel (HSD) by Rs. 119 per liter, Prices of Petrol by Rs. 77.49 per liter, and light diesel oil (LDO) by Rs. 77.31 per liter. On the other hand, the working founded on the nil petroleum levy and GST rate offers a boost in prices of increased speed diesel (HSD) by Rs. 51.32 per liter, Prices of petrol by Rs. 21.30 per liter, Prices of Kerosene Oil by Rs. 35.9 per liter and light diesel oil (LDO) by Rs. 38. 89 per liter.

Authorities in the oil industriousness expressed that the recent Government of Shehbaz Sharif will front public wrath if it agrees to offer a stroll in the prices of petroleum by-products. They, yet, stated that the latest government is not likely to agree on a stroll at the prices of petroleum products apparently beat the tenderness of the already loaded masses. An administrator of the Petroleum Division in a state of obscurity stated that if the Government does not raise the price of Petroleum by-products then it resolves to hold to give around 30 billion costs of subsidy from April 16, 2022, for the remaining half of the present month of April.

The last conclusion is to boost the prices of petroleum by-products rests with Prime Minister Shehbaz Sharif. The prime minister, on Wednesday, held chaired a crisis conference to check the prices of petroleum products. The premier stood informed by the OGRA chairman petroleum prices agent and probable chances to resume the subsidy assuming the IMF obligations.

It is applicable to note here that before February former Prime Minister Imran Khan had informed a deduction of Rs. 10 per liter in petroleum prices and reported the new rates would stay in place till the FY23 Funding.

The international natural prices oil prices contain rocketed since then, yet, the prices of petroleum products hold stayed unmoved in Pakistan.

The present price of petrol stands at Rs. 149. 86 per liter, whereas each liter prices of diesel, Kerosene oil, and light diesel are Rs. 125. 56 per liter, and Rs. 118. 31 per liter, respectively.

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