Proposal for huge increase in petrol price

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has proposed a sharp rise in prices of petroleum products.

According to sources, OGRA has proposed an increase in the price of petrol by Rs 20.7 per liter, a summary of which has been sent to the Petroleum Division.

Sources said that OGRA has proposed an increase of Rs 19.61 per liter in the price of diesel.

According to sources, the proposed prices of petroleum products have been fixed on the basis of Rs 30 per liter levy, the current levy on petrol is Rs 17.97 per liter while the current levy on diesel is Rs 18.36 per liter.

Sources said that the prices of petroleum products are likely to go up from March 1, but the Finance Ministry will take the final decision in consultation with the Prime Minister.

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