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OGRA Proposes Increasing POL Prices by Up to Rs 3.25

The Petroleum Regulatory Authority (OGRA) has advised the government to raise fuel prices by up to 3.25 rupees.

In this regard, the agency has forwarded a summary to the Oil Department requesting an upward revision of fuel prices.

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Prices for the new petroleum products are expected to be announced later in the day after approval by Prime Minister (PM) Imran Khan.

According to local media reports, the regulator has recommended raising the price of petrol by 1.90 rupees per liter and that of high-speed diesel by 3.25 rupees.

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On April 30, the prime minister rejected his OGRA summary broadcast on rising prices of petroleum products. According to a memo issued by the Ministry of Finance, the federal government has decided not to raise the price of petroleum products in line with the prime minister’s vision of bringing relief to consumers during Ramzan month. 

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