Petrol prices may go up by Rs11.95 across Pakistan from Jan 16, sources say – Geo News

Petrol prices may go up by Rs11.95 across Pakistan from Jan 16, sources say – Geo News
A Reuters representational image.
  • Ogra recommends increasing petrol prices by Rs11.95 per litre
  • The regulator also recommended diesel price to be hiked by R9.57 per litre
  • Final decision to be taken by finance ministry after consultation with PM Imran Khan

ISLAMABAD: In a summary sent to the federal government, the Oil and Gas Regulatory Authority (Ogra) has recommended increasing the price of petroleum products by Rs11.95 per litre from January 16.

Sources in the Petroleum Division told Geo News that the authority has also recommended increasing the diesel price by Rs9.57 per litre. The final decision would be taken by the Ministry of Finance headed by Dr Abdul Hafeez Shaikh after consultation with Prime Minister Imran Khan.

Read more: Oil rises above $56 as tighter supply offsets coronavirus concern

On December 30, 2020, the federal government had decided to raise the petrol price by Rs2.31 per litre across Pakistan after rejecting an Ogra summary recommending an increase 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 light diesel oil. 

PM Imran Khan had okayed raising diesel by a lower Rs1.08 per litre, kerosene oil by Rs3.36 and light diesel oil by Rs3.95.

Consequently, petrol is currently being sold at Rs106 per litre while diesel is available for Rs110.24 per litre, kerosene oil for Rs73.65 and light diesel oil for Rs71.81.

This decision remains effective till tomorrow [January 15].

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