26 January 2021
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OGRA has recommended an Rs11.95 increase in the price of petrol in Pakistan.

This is OGRA’s second recommendation for a price hike this
year.

It has sent a summary to the Petroleum Division recommending
the increase of petroleum products from January 16. It has recommended an
Rs11.95 increase in the price of petrol, a Rs9.57 increase I the per litre
price of high speed diesel and an Rs8 increase in the price of light diesel and
furnace oil.

OGRA officials say by reducing the petroleum levy, the
government can make the minimum possible increase in the price of petroleum
prices. The prime minister will make the final decision on whether to increase prices
and the finance ministry will announce the new prices on January 15.

If the OGRA recommendation is approved, petrol will cost 117.95
per litre and diesel will go up to Rs119.81 per litre.

Abdul Gh Lone

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