The government has approved a Rs5.40 per liter rise in petrol prices.
The government has approved a Rs5.40 per liter rise in petrol prices.
July 15, 2021 / By Zunair Tahir / Automotive News
- The price of high-speed diesel has risen by Rs2.54 per liter.
- The price of kerosene oil has risen by Rs1.39 per liter, while light diesel oil has risen by Rs1.27.
- The OGRA has suggested an increase in petrol prices of Rs11.40 per liter.
“Keeping the public interest in mind, Prime Minister [Imran Khan] went against OGRA’s suggestion and authorized a Rs5.40 rise in fuel price,” the special assistant added.
| PRODUCT | OLD RATE | NEW RATE |
|---|---|---|
| Petrol | Rs112.69 | 118.09 |
| High Speed Diesel | Rs113.99 | 116.53 |
| Kerosene Oil | Rs85.75 | 87.14 |
| Light Diesel Oil | Rs83.40 | 84.67 |
The federal government has authorized an increase in the price of fuel by Rs5.40 per liter, according to Shahbaz Gill, Special Assistant to the Prime Minister on Political Communication.
The Oil and Gas Regulatory Authority (OGRA) has proposed an increase in fuel prices of Rs11.40 per litre.
Gill went on to say that the government would now shoulder the cost because it had rejected OGRA’s recommendations in order to offer “maximum assistance to the people.”
Any Relief For the People
According to a finance ministry statement, the government has been giving maximum comfort to customers by lowering the prices of petroleum goods since April 2021.
It stated that, despite rising worldwide oil costs, the government decided not to transfer the whole expense of the increase on to consumers. The sales tax and fuel levy rates have been lowered to give maximum assistance to consumers. It went on to say that the Oil and Gas Regulatory Authority had proposed a Rs11.50/litre rise in fuel prices, but the prime minister only approved a Rs5.4/litre increase to offer maximum comfort to the population.
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