The Oil and Gas Regulatory Authority (OGRA) has recommended to increase the petrol price in Pakistan by Rs. 12 per liter, according to the summary sent to the Petroleum Division.
Furthermore, OGRA has also recommended to increase the diesel price in Pakistan by Rs. 10 per litre from 1 February 2021 but the final decision will be taken by the Prime Minister Imran Khan by tomorrow night.
If the Government approves the new petrol prices in Pakistan, these will come into effect from 1 February 2021 for a period of 15 days.
It is pertinent to mention that the federal government increased petrol prices on January 14 for the second half of the month.
The price of petrol was raised by Rs. 3.20 per litre on the directives of Prime Minister Imran Khan while price of high-speed diesel was increased by Rs. 2.95 per litre, kerosene oil by Rs. 3 litre and light-speed diesel by Rs. 4.42 per litre.
The current petrol price in Pakistan is Rs. 109.2 per litre while diesel is being sold for Rs. 113.19 per litre, kerosene for Rs. 76.65 per litre and light-speed diesel for Rs. 76.23 per litre.