No change in petrol prices as PM Imran turns down Ogra's proposed hike

Published February 28, 2021
Prime Minister Imran Khan has turned down a proposal by the Oil and Gas Regulatory Authority for an increase in fuel prices. — AFP/File
Prime Minister Imran Khan has turned down a proposal by the Oil and Gas Regulatory Authority for an increase in fuel prices. — AFP/File

Prime Minister Imran Khan has turned down a proposal by the Oil and Gas Regulatory Authority for an increase in fuel prices, Special Assistant to Prime Minister on Political Communication Shahbaz Gill said on Sunday.

In a tweet, he shared a picture of Ogra's proposed prices and said: "Ogra proposed to increase the price of petroleum products from about Rs6-7 per litre. Prime Minister Imran Khan did not accept this proposal. There has been no increase in the prices of petroleum products. Despite the continuous rise in the prices of petroleum products in the world market, the prime minister did not allow it."

According to the document shared by Gill, the Ogra had made the following suggestions:

  • Petrol: Rs118.12 after an increase of Rs6.22

  • High speed diesel: Rs122.90 after an increase of Rs6.82

  • Kerosene: Rs86.56 after an increase of Rs 6.37

  • Light diesel oil: Rs79.23 after an increase of Rs5.78

The prices would have been effective from March 1. For the next 15 days, the prices of petroleum products will remain the same.

Ogra had proposed an increase in prices earlier this month as well, but the prime minister had turned it down. The decision had come as a break from continuous price increases for the previous five consecutive fortnights. This was despite an increase in international oil prices over the last 15 days.

Over the last many months, the government has been tweaking with petroleum levy rates instead of GST as levy remains in the federal kitty while GST goes to the divisible pool taxes and thus about 57pc share is grabbed by the provinces.

Opinion

New engagement
Updated 19 Apr 2021

New engagement

Better Pak-India ties mean a better regional outcome.
Inequality and ideology
19 Apr 2021

Inequality and ideology

Hunger and want, and the constant reminder of inequality,may condition religious mobilisation, but they are not solely sufficient.
Ties of sentiment
19 Apr 2021

Ties of sentiment

Pakistan-UK relations have been remarkably stable and increasingly energised by the Pakistani diaspora.

Editorial

19 Apr 2021

Vaccine shortfall

THE hope that the slew of Covid-19 vaccinations approved for use since the end of last year would vanquish the ...
Another package
Updated 19 Apr 2021

Another package

Sindh has not seen much development worth the name during the PPP’s more than decade-long rule in the province.
19 Apr 2021

Cricket triumph

TEAM Pakistan have a number of reasons to rejoice after their 3-1 T20 series win over hosts South Africa on Friday....
18 Apr 2021

More cabinet changes

PRIME MINISTER Imran Khan has reshuffled his cabinet yet again in what is obviously another attempt to shore up his...
Blocking social media
Updated 18 Apr 2021

Blocking social media

FOR four hours this week, all social media platforms in the country were shut down, a measure the government said ...
18 Apr 2021

Peasant rights in Sindh

IN a seminar held in Nawabshah recently, the Sindh Human Rights Commission and Hari Welfare Association reiterated a...