Prime Minister Iman Khan on Monday rejected a summary sent by the Oil and Gas Regulatory Authority (Ogra) for another increase in the prices of petroleum products in the country. 

According to news reports, Ogra had recommended a Rs14.7 per litre increase in the price of petrol and Rs13.61 per litre in the price of high speed diesel. As a result of prime minister’s refusal to approve the increase in the fuel prices, the prices of petrol and diesel will remain unchanged for the next two weeks. 

Currently, Rs21 levy is being charged on every litre of petrol and Rs22.11 on every litre of diesel. Sources say fuel prices have increased in the international market therefore an increase in the prices of petroleum products was expected in Pakistan from February 16. It was expected that petrol price will go up by Rs5.50 per litre and diesel price by Rs5.75 per litre after approval by Prime Minister Imran Khan.