OGRA suggests massive increase in POL products’ prices
The Oil and Gas Regulatory Authority (OGRA) has suggested to the new federal government to increase fuel prices up to Rs83.5 per litre on petrol and Rs119 on diesel.
The OGRA has sent a summary to the Petroleum Division for making a massive hike in fuel prices in Pakistan from April 16.
The suggested hike was made on the basis of the 70 per cent of GST and Rs30 per litre levy. For petrol and diesel, the prevalent levy stands at Rs30 per litre and 17 per cent of GST.
The authority has suggested enforcing a Rs83.5 per litre hike on petrol on the basis of full levy and taxes, whereas, it was recommended to jack up Rs119 per litre on diesel.
