PM rejects petrol price hike proposal again

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ISLAMABAD – Prime Minister Imran Khan on Sunday rejected a summary moved by the Oil and Gas Regulatory Authority (OGRA) to increase the petroleum prices for the next fortnight by approximately over Rs 6 per litre and stating that people must be given a relief.

According to the information available from the PM House, the OGRA had proposed an increase of Rs6.22 in the price of MS Petrol, Rs6.82 in the price of High-Speed Diesel, Rs6.37 raise in the price of Kerosene Oil, and Rs5.78 hike in Light Diesel Oil.

The Prime Minister said he was fully cognizant of the burden on the common man and has already geared up the government machinery to ensure the availability of everyday prices at low prices.

Imran Khan said the welfare of the masses was his prime responsibility. He said despite the fact that the petroleum prices in the international markets were going up, he has decided not to accept the proposed raise of OGRA and said the people would be able to get the petroleum products at the same price.

Since the prime minister has rejected the summary, the prices of the Petroleum Products will remain the same. Now the price of petrol will remain RS.111.90 /litre, HSD. RS.116.07/ litre, LDO Rs.79.23/litre and Kerosene oil Rs.80.19/ litre.

On February 15, the prime minister had also rejected ORGA’s proposal to increase the price of petroleum products for the second fortnightly of February. Last month, Ogra had proposed an increase of Rs14.07 per litre in the price of petrol and Rs13.61 per litre in the price of high speed diesel from Feb 15.

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