Sunday, May 19, 2024

PM Imran Khan Rejects OGRA’s Proposal for Hike in POL Prices

Prime Minister Imran Khan has rejected a plan by the Oil and Gas Regulatory Authority to boost fuel prices, as per Shahbaz Gill, Special Assistant to the Prime Minister on Political Communication.

He posted a photo of Ogra’s proposed prices in a tweet, writing: “Petroleum products will be priced at about Rs. 6-7 per litre, as per to Ogra. This proposal was dismissed by Prime Minister Imran Khan. The price of petroleum products has remained unchanged. Despite the fact that the price of petroleum products has been steadily rising on the global market, the prime minister has declined to approve it.”

The Ogra had made the following recommendations, according to the document shared by Gill:

  • After a Rs. 6.22 rise, petrol now costs Rs. 118.12
  • After a Rs. 6.82 rise, high-speed diesel now costs Rs. 122.90
  • After a Rs. 6.37 rise, kerosene now costs Rs. 86.56
  • After a Rs. 5.78 rise, light diesel oil now costs Rs. 79.23

Prices would have gone into effect on March 1st. Petroleum oil prices will remain unchanged for the next 15 days.

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