ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) in its summary to the government has recommended up to Rs9.4 hike in petroleum products prices.
Sources said the OGRA had forwarded its summary on petroleum prices on the basis of increased rates of general sales tax (GST) and petroleum levy.
The Ogra has proposed Rs9.44 a litre increase in high speed diesel (HSD) price, Rs4.71 in petrol, Rs8.06 in kerosene and Rs5.12 in light diesel oil (LDO) price.
If the proposal gets implemented, the HSD price will be Rs116.12 per litre, the petrol price will be Rs95.09 a litre, kerosene oil will be Rs90.37 a litre, LDO price will be Rs80.15 a litre.
In January, the government had announced to reduce prices of petroleum products for February.
According to details, the price of petrol had been slashed by 0.59 paisas and new price was 90.38 rupees a litre.
Light Diesel price had been reduced by 0.25 paisas and is being sold at Rs75.03 a litre, while price of Hi-Speed Diesel to remained unchanged.
The price of Kerosene Oil has been decreased by 0.73 and it is currently being sold at 82.25 rupees a litre.
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