PM rejects Ogra’s proposal of hike in petrol price

ISLAMABAD:

Prime Minister Imran Khan has rejected a summary moved by the Oil and Gas Regulatory Authority (Ogra) to increase the petroleum prices for the next fortnight by approximately over Rs6 per litre, saying “the people must be given a relief”.

According to a statement issued by the PM House on Sunday, Ogra had proposed an increase of Rs6.22 per litre in the price of petrol, Rs6.82 for high speed diesel, Rs6.37 for kerosene oil and Rs5.78 light diesel oil.

Petrol will be sold at Rs111.90 per litre, HSD at Rs116.07, kerosene oil at Rs80.19 and LDO at Rs79.23. The existing prices would remain effective till March 15, according to a statement issued by the finance ministry.

Also read: OGRA recommends Rs16 per litre hike in POL prices

The PM House statement added that the prime minister said he is fully cognizant of the burden on the common man and has already geared up the government machinery to ensure the availability of everyday use commodities at low prices.

Premier Imran said the welfare of the masses is his prime responsibility. Despite the fact that the prices of petroleum prices in the international markets are going up, the PM said, he decided not to accept Ogra’s proposed raise. “The people would get the petroleum products at the same price.” (With input from app)