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Petrol costs could rise by Rs20.7 from March 1

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  • Petrol costs could rise Rs20.70 a litre on Monday in keeping with OGRA’s suggestions.
  • Last determination on modifications in petrol costs anticipated later at this time following session with PM Imran Khan.
  • OGRA’s abstract proposed a rise of Rs20.70 and Rs19.61 a litre, respectively, within the costs of petrol and diesel.

ISLAMABAD: Petrol costs could rise by Rs20.70 a litre tomorrow — Monday — in keeping with the Oil and Fuel Regulatory Authority’s (OGRA) suggestions.

The most recent petrol ‘bomb’ would come into impact beginning Monday — or March 1, 2021 — after a last determination on modifications within the petroleum merchandise’ costs is predicted later at this time by the finance ministry following session with Prime Minister Imran Khan.

Individuals have been warned of the whopping Rs20.70-a-litre price of bump within the costs of petroleum merchandise, after sources informed Geo Information earlier this week that the OGRA had forwarded a abstract to the petroleum division suggesting a large enhance in costs of petroleum merchandise from March.

Learn extra: Petrol prices in Pakistan expected to go up after February 15, sources say

Based on suggestions of the oil and gasoline sector’s regulatory company, a abstract proposing a rise within the costs of petrol and diesel by Rs20.70 and Rs19.61 a litre, respectively, was despatched to the petroleum ministry.

Additionally learn: PM Imran Khan rejects OGRA’s recommendation to hike petrol prices

Earlier this month, PM Imran Khan had rejected the OGRA’s prior advice to hike the petrol costs, whereby the company had sought a rise of Rs14.07 and Rs13.61 per litre, respectively, within the costs of petrol and excessive pace diesel (HSD).

The authority had additionally really helpful a rise within the value of kerosene oil by Rs10.79 per litre. 

Nevertheless, the finance ministry had said that the petrol costs would stay unchanged at Rs111.90 per litre and that the value of diesel can be maintained at Rs116.07 a litre following PM Imran Khan’s determination.

Associated:

OGRA proposes massive increase in petrol prices, PM to decide

Petrol may become more expensive in Pakistan from February 2021





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