ISLAMABAD – The Oil and Gas Regulatory Authority (OGRA) recommendsmodifications in the prices of petroleum products across the country.
OGRA sent a summary to the federal government, recommending modificationsin prices of petroleum products for the month of February 2020.
OGRA has recommended a downward revision in the prices of petrol andkerosene oil by 6 paisas and 66 paisas, respectively. However, theauthority has suggested an increase in the prices of high-speed diesel andlight diesel oil by Rs2.47 and Rs1.10, respectively.
According to an official, OGRA has moved its working paper to the Ministryof Energy (Petroleum Division), which would be forwarded to the financeministry for approval.
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“The government will take a decision on the summary tomorrow (Friday),” theofficial said. “The new prices of petroleum products, if agreed, would comeinto effect from the 1st February 2020.”
If the government accepts the regulator’s recommendations, the price ofpetrol would witness a nominal decrease from Rs116.60 per litre to Rs116.54per litre, while that of kerosene would witness a reduction from Rs99.45per litre to Rs98.79 per litre.
