PM rejects Ogra summary, petrol prices to remain unchanged in May

By: News Desk      Published: 11:29 PM, 17 May, 2021
PM rejects Ogra summary, petrol prices to remain unchanged in May

Prices of petroleum products in Pakistan would remain unchanged this month as Prime Minister Imran Khan on Monday rejected the OGRA recommendations to revise it.

According to 24NewsHD TV Channel, State Minister for Information Farrukh Habib on Monday announced not to change the petroleum prices till May 31.

He confirmed in his different tweets that Prime Minister had rejected OGRA's proposal to revise the prices of petroleum products. 

The State Minister said Imran Khan did not want to impose the burden of rising prices of petroleum products on the people at the international level. He was of the view that without increasing prices of petroleum products would cost the government Rs2.77 billion

Farrukh Habib also told in his tweet that the government not only adjusted the petroleum levy but also reduced the sales tax on light diesel and kerosene oil.

The Oil and Gas Regulatory Authority (OGRA) considering the fluctuation of oil prices in international market recommended an increase in the price of petrol Rs1.90 per litre and diesel Rs3.25 per litre.

Anyhow, after the rejection of OGRA recommendations, the petrol would continue to cost of Rs108.56 per litre and diesel at Rs 110.76 per litre. The price of Kerosene oil would also continue at Rs80 and light diesel at Rs77.65 per litre.

Reporter Zeeshan Bhatti