Petrol costs could go up by Rs11.95 throughout Pakistan from Jan 16, sources say

A Reuters representational picture.
  • Ogra recommends growing petrol costs by Rs11.95 per litre
  • The regulator additionally advisable diesel worth to be hiked by R9.57 per litre
  • Closing resolution to be taken by finance ministry after session with PM Imran Khan

ISLAMABAD: In a abstract despatched to the federal authorities, the Oil and Gasoline Regulatory Authority (Ogra) has advisable growing the value of petroleum merchandise by Rs11.95 per litre from January 16.

Sources within the Petroleum Division informed Geo Information that the authority has additionally advisable growing the diesel worth by Rs9.57 per litre. The ultimate resolution can be taken by the Ministry of Finance headed by Dr Abdul Hafeez Shaikh after session with Prime Minister Imran Khan.

Learn extra: Oil rises above $56 as tighter provide offsets coronavirus concern

On December 30, 2020, the federal authorities had determined to boost the petrol worth by Rs2.31 per litre throughout Pakistan after rejecting an Ogra abstract recommending a rise of Rs10.68 per litre for petrol, Rs8.37 per litre for diesel, Rs10.92 per litre for kerosene oil, and Rs14.87 per litre for gentle diesel oil. 

PM Imran Khan had okayed elevating diesel by a decrease Rs1.08 per litre, kerosene oil by Rs3.36 and lightweight diesel oil by Rs3.95.

Consequently, petrol is presently being offered at Rs106 per litre whereas diesel is out there for Rs110.24 per litre, kerosene oil for Rs73.65 and lightweight diesel oil for Rs71.81.

This resolution stays efficient until tomorrow [January 15].

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