The Oil and Gas Regulatory Authority (OGRA) has recommended rise in fuel prices from January 01 2021.
According to the reports, OGRA recommends raising petrol prices from Rs2.76 per litre while diesel will go up by Rs 3.12 per litre.
The regulatory authority has conveyed a summary to the petroleum division for changes in fuel prices for the first half of January. However, a final decision in this regard will be made by the petroleum division after consultation with Prime Minister Imran Khan.
Back on December 15, an increase of Rs3 per litre on petrol was announced, which is now being sold at at Rs103.69 per litre.
Prices of Hi-speed diesel, after Rs 3 per litre increase, now sold at 108.44 per litre while other products such as Kerosene oil saw Rs 5 per litre surge in retail.
It is pertinent to mention here that the Petroleum Division, last week, said that the inquiry commission tasked with investigating Pakistan’s petrol crisis is “controversial”.
Sources said that the Petroleum Division has prepared a response to the report of the inquiry commission which was released earlier this month.
The inquiry commission had raised serious questions over the performance of the special assistant to the prime minister and the petroleum secretary.
It had recommended strict penal action against those involved in illegalities and suggested the dissolution of the Oil and Gas Regulatory Authority (OGRA) through an act of parliament within the next six months.