O.G.R.A had proposed an increase of Rs14.07 at petrol price which was rejected by PM. No price change will occur as the government has decided to cut the levy.
In order to provide relief to people, PM Imran Khan rejected the Oil and Gas Regulatory Authority’s (Ogra) recommendation to increase the prices of petroleum products.
OGRA had proposed an increase of Rs14.07 per liter in the price of petrol, Rs13.61 per liter in high-speed diesel (HSD), Rs10.79 per liter kerosene oil, and Rs7.43 per liter light diesel oil (LDO)
Following PM Imran’s decision, the Ministry of Finance stated that the price of petrol will remain unchanged at Rs111.90 per liter, HSD at Rs116.07, kerosene oil at Rs80.19, and LDO Rs79.23
Use of Petrol was increased due to shortage of CNG in the market as per going winter season. Kerosene oil is used by people living in remote areas for cooking purposes where LPG is not available, while LDO is used by industries. PMO reported that the recommendations were not accepted as increasing prices of petroleum products would have been a grave inconvenience for people. Propagating this narrative PMO officials stated that the government will go to any lengths to provide relief to the people.
During the last two and half months, the government had increased prices of petroleum products up to Rs16.37 per liter. Since December 1, 2020, the government has increased the price of petrol by Rs11.21 per liter, HSD Rs14.64 per liter, kerosene oil Rs14.90 per liter, and LDO Rs16.37 per liter.