Ogra denies recommending enhance in petrol costs


— AFP/InformationThe Oil and Gas Regulatory Authority (Ogra) on Thursday denied that it had despatched a summary to the federal government proposing a hike within the worth of petroleum merchandise.”Reports circulating on media regarding an increase in prices of petroleum products are based on speculation,” stated a spokesperson of the authority.Earlier within the day, sources within the petroleum division advised Geo News that Ogra has beneficial growing the worth of petroleum merchandise by Rs11.95 per litre from January 16.Sources stated that the authority has additionally beneficial growing the diesel worth by Rs9.57 per litre.The remaining resolution could be taken by the Ministry of Finance headed by Dr Abdul Hafeez Shaikh after session with Prime Minister Imran Khan.Current ratesOn December 30, 2020, the federal authorities had determined to boost the petrol worth by Rs2.31 per litre throughout Pakistan after rejecting an Ogra summary recommending a rise 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 mild diesel oil.PM Imran Khan had okayed elevating diesel by a decrease Rs1.08 per litre, kerosene oil by Rs3.36 and lightweight diesel oil by Rs3.95.Consequently, petrol is presently being bought at Rs106 per litre whereas diesel is out there for Rs110.24 per litre, kerosene oil for Rs73.65 and lightweight diesel oil for Rs71.81.