Ogra recommends hike in petroleum prices

12:30 PM | 28 Feb, 2018
Ogra recommends hike in petroleum prices
ISLAMABAD - The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in the price of petroleum products to the federal government on Tuesday.

An increase of Rs3.56 for petrol has been recommended by OGRA, while kerosene oil has a suggested increase of Rs6.28, and Rs6.94 has been recommended for high-speed diesel.

After the approval, the new price of petrol will be Rs88.7 per litre, whereas the price of diesel will be Rs102.77 per litre.

The price of diesel has been set keeping in view general sales tax of 31 percent.

For all other petroleum products, the prices have been set on the basis of 17 percent GST.

If approved by the Prime Minister Shahid Khaqan Abbasi, the prices will be applicable from March 1.