Summary sent to PM Imran Khan for approval
The Oil and Gas Regulatory recommended on Tuesday a hike in prices of petroleum products by up to Rs10.5.
A summary has been sent to Prime Minister Imran for approval. If approved, the new prices will be applicable from September 16, 2021.
Following is what the Ogra recommended
The authorities argued that oil prices in the international market had gone up by $10 over the past month.
Ogra said that if the government wanted, it could opt to absorb the increase in petroleum prices by revising the rates of Petroleum Levy and GST.