Summary sent to PM Imran Khan for approval
The Oil and Gas Regulatory has recommended an increase of Rs10 a litre in petroleum products.
A summary has been sent to Prime Minister Imran Khan for approval. If approved, new prices will be applicable from October 16.
Following are the Ogra recommendations:
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.
On September 30, the federal government had increased the prices of petroleum products by up to Rs8.82.