OGRA proposes no hike in petrol price
Ali Syed
Sunday, September 23, 2012 - Islamabad —The Oil and Gas Regulatory Authority (Ogra) has recommended to the government to maintain the price of petrol at existing level and reduce the other POL prices by Rs 6.06 per liter which are to be effective from tomorrow (September 24), senior officials told Pakistan Observer.
“And in case, the petrol price gets increased, then CNG price would also surge by Rs 1.55 per kg.”
In a summary to Ministry of Petroleum and Natural Resources, according to officials, Ogra has recommended not to increase the petrol price from tomorrow ( Monday), and rather asked the government to reduce the other POL products prices by up to Rs 6.06 per unit.
The regulator asked the government not to pass on the proposed increase of Rs 1.73 per litre in petrol price to end consumers by reducing the petroleum levy on it. The government should maintain the price of petrol at existing level of Rs 106.72 per liter.
According to officials of Ogra, the regulator in its role monitoring the prices has extended the recommendation to the government.
The regulator has recommended the reduction in price of HOBC (high octane blending component) by Rs 6.06 per liter, high speed diesel (HSD) Re0.47 per litre, light diesel oil (LDO) Rs 2.10, kerosene oil Rs3.50.
The government earlier increased the price of petrol from September 17 by whopping Rs 6.82 per litre and CNG by Rs 6.24 per kg. In case increase in petrol price by Rs 1.73 as proposed by oil marketing companies is entertained by the government and did not honour the recommendation of the Ogra, then the price of petrol and CNG would escalate by Rs 8 in fifteen days time.
The official said if Ministry of Finance reduces the petroleum levy on petrol, then the end consumers would be saved from further hike in price of motor gasoline and CNG. The POL prices adjustments would be finalized today (Sunday).
“And in case, the petrol price gets increased, then CNG price would also surge by Rs 1.55 per kg.”
In a summary to Ministry of Petroleum and Natural Resources, according to officials, Ogra has recommended not to increase the petrol price from tomorrow ( Monday), and rather asked the government to reduce the other POL products prices by up to Rs 6.06 per unit.
The regulator asked the government not to pass on the proposed increase of Rs 1.73 per litre in petrol price to end consumers by reducing the petroleum levy on it. The government should maintain the price of petrol at existing level of Rs 106.72 per liter.
According to officials of Ogra, the regulator in its role monitoring the prices has extended the recommendation to the government.
The regulator has recommended the reduction in price of HOBC (high octane blending component) by Rs 6.06 per liter, high speed diesel (HSD) Re0.47 per litre, light diesel oil (LDO) Rs 2.10, kerosene oil Rs3.50.
The government earlier increased the price of petrol from September 17 by whopping Rs 6.82 per litre and CNG by Rs 6.24 per kg. In case increase in petrol price by Rs 1.73 as proposed by oil marketing companies is entertained by the government and did not honour the recommendation of the Ogra, then the price of petrol and CNG would escalate by Rs 8 in fifteen days time.
The official said if Ministry of Finance reduces the petroleum levy on petrol, then the end consumers would be saved from further hike in price of motor gasoline and CNG. The POL prices adjustments would be finalized today (Sunday).
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