Economy

New Year Gift for Public, Govt. Approves Rs2.31 Hike in Petrol Price

New Year Gift for Public, Govt. Approves Rs2.31 Hike in Petrol Price”

However, a final decision in this regard will be made by the petroleum division after consultation with Prime Minister Imran Khan.

A massive increase of Rs16 per kilo was witnessed in the price of liquefied petroleum gas (LPG) with effect from January 1, 2021.

Government oil companies have not increased oil prices for the 23rd consecutive day today. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. The new petrol price has gone up by 2.2% to Rs106 per litre from Rs103.69 per litre, a statement issued by the PM Office said.

Similarly, Ogra had proposed an increase of Rs10.92 per litre in kerosene price and Rs14.87 per litre in the rate of light diesel oil, that is consumed by certain variants of engines used mostly to operate small mills.

Petrol prices are yesterday at Rs 83.71 per litre and diesel prices are fixed at Rs 73.87 per litre.

More news: Karachi: 4 injured in New Year night’s celebratory firing, 8 rounded up

The sources said that the OGRA had proposed a raise of 10.68 rupees and 8.37 rupees per litter respectively for petrol and diesel.

The regulator had recommended an increase of Rs10.68 per litre in the price of petrol. During this time, the rate increased 17 times.

Earlier on December 27, Oil and Gas Regulatory Authority (Ogra) had recommended a hike in prices of the petroleum products for the month of January 01.

Interestingly Ogra recommendation was based on the petroleum levy of Rs 30 per litre which was far higher than the existing Petroleum Levy. Petrol costs Rs 85.19 per litre and diesel costs Rs 77.44 per litre. The new prices are applicable from midnight tonight till January 15.



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