Saturday, January 28, 2023
HomeBusinessOGRA PROPOSES HIKE IN PRICES OF PETROL & DIESEL

OGRA PROPOSES HIKE IN PRICES OF PETROL & DIESEL

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Wednesday sent an outline to the petroleum division at another OGRA Proposes hike In Prices petroleum items from June 16, Pak Revenue revealed

As per the sources, the oil regulatory authority has arranged a synopsis, looking for an expansion in petroleum costs from June 16 in light with discussions made with International Monetary Fund (IMF).

The authority has additionally proposed finishing subsidies on fuel costs, said sources.

In spite of a Rs60 per liter expansion in petroleum costs in beyond 15 days, the public authority is as yet giving sponsored petroleum at Rs9.3/liter and diesel at Rs23.05/liter.

Notwithstanding, the prime minister will settle on the last conclusion about the costs of petroleum items, the sources added.

The central government as of late expanded the costs of petroleum items by Rs60 per liter inside a range of seven days after the IMF wouldn’t deliver a US$1 billion tranche, demanding inversion of subsidies on fuel and electricity.

Then again, the rupee proceeded with its descending pattern against the US dollar in the interbank market as the greenback acquired Rs1.21 during early Wednesday exchanging.

Most authorities on the matter would agree, the local money is series of failures against the greenback attributable to a defer in the recovery of the International Monetary Fund’s (IMF) $6 billion credit program.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Translate »