The Oil & Gas Regulatory Authority (OGRA) has suggested the government to hike prices of diesel and petrol in line with fluctuation of oil prices in the international market. The price of diesel has been proposed to be increased by Rs 9.44 per litre and petrol by Rs 4.71 per litre, a letter for March 2019 read.
The regulator has also requested the prices of kerosene oil to be raised by Rs 8.06 per litre and Light Diesel Oil (LDO) by Rs 5.12 per litre for next month.
OGRA has forwarded a summary to the Energy Ministry, which recommended a revision in oil prices. If the government accepts this recommendation, then diesel prices would inflate from the existing Rs 106.68 to Rs 116.12 per litre, petrol from current Rs 90.38 to Rs 95.09 per litre, LDO from Rs 75.03 to Rs 80.15 per litre and kerosene from Rs 82.31 to Rs 90.37 per litre. The government will take the final decision on OGRA’s recommendation on Thursday.
Published in Daily Times, February 28th 2019.
