There was no change in petrol prices as PM Imran rejected the proposed Ogra – Business hike | Instant News


Prime Minister Imran Khan has rejected a proposal by the Oil and Gas Regulatory Authority for an increase in fuel prices, Special Assistant to the Prime Minister for Political Communications Shahbaz Gill said on Sunday.

In a tweet, he shared a picture of Ogra’s proposed price and said: “Ogra is proposing to increase the price of petroleum products from around Rs6-7 per liter. Prime Minister Imran Khan did not accept this proposal. There has not been an increase in the price of petroleum products. the earth continues to rise on the world market, the prime minister does not allow it. “

According to documents shared by Gill, Ogra has made the following suggestions:

  • Gasoline: Rs118.12 after a Rs6.22 increase

  • High speed diesel: Rs122.90 after an increase of Rs6.82

  • Kerosene: Rs86.56 after a gain of Rs 6.37

  • Light diesel oil: Rs79.23 after an increase of Rs5.78

The price will be effective from March 1. Over the next 15 days, the price of petroleum products will remain the same.

Ogra had also proposed a price hike earlier this month, but the prime minister has proposed it reject it. The decision came as a respite from continuing price increases for the previous five consecutive weeks. This is despite the increase in international oil prices over the past 15 days.

Over the last few months, the government has adjusted to the petroleum levy rate rather than GST as the levy remains with the federal kitty while GST falls into a split tax pool and thus about 57% of the share is taken by the province.





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