Ogra has recommended that the price of high-octane blended component (HOBC) be increased by Rs0.84 per litre. PHOTO: FILE
ISLAMABAD:
The price of petroleum is likely to go up by Rs2.18 per litre in June amid the surge in global oil prices.
However, around the same time, high speed diesel (HSD) prices are expected to fall — allowing some relief to trickle in for consumers.
On Thursday, the Oil and Gas Regulatory Authority (Ogra) moved a summary to the ministries of finance and petroleum, seeking their approval to implement the new prices from June 1 onwards adjustments in the petroleum levy (PL).
In the summary, Ogra has recommended that the price of petrol be increased by Rs2.18 per litre, and the price of high-octane blended component (HOBC) be increased by Rs0.84 per litre. The prices of HSD, light diesel oil (LDO) and kerosene, meanwhile, are to be slashed by Rs1.46, Rs0.07 and Rs0.38 per litre, respectively, according to the summary, sources told The Express Tribune.
If the finance and petroleum ministries approve Ogra’s summary, the price of petrol will stand at Rs99.77 per litre, HOBC at Rs124.41, HSD at Rs104.6 and LDO at Rs89.06 per litre in the month of June.
Published in The Express Tribune, May 31st, 2013.
COMMENTS (5)
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@abdussamad I use Metro train (U tube) to tavel thus i was little bit wrong, because i referred prices for High octane petrol, And yes if there will no subsidy for diesel then there will be a dooms day
@abdussamad: Good analysis
@Gulam Rasool "Kuldeep sharma": Your calculations are wrong. Indian petrol price is between INR 63-72 which comes to PKR 110-126. Definitely not PKR 145!
http://www.mypetrolprice.com
Also I believe your govt. taxes petrol while subsidizing diesel i.e. a cross subsidy.
@abdussamad you are in far better situation my friend, do you know what is the price in India? its 76 INR per litter, means 145 Pakistani Rupee. And some stupid still going to increase this rate. Common man will suffer
Globally oil prices have gone down so I don't see the justification for this price hike.