PM Imran Khan takes decision over OGRA petroleum prices summary

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PM Imran Khan takes decision over OGRA petroleum prices summary

ISLAMABAD - Prime Minister Imran Khan Monday turned down recommendations of Oil and Gas Regulatory Authority (OGRA), Petroleum and Finance Divisions for price hike in the petroleum products, by citing high food inflation being faced by people.

According to a press release of PM Office media wing, the prime minister “didn’t approve the recommendation of OGRA, Petroleum and Finance Divisions for increase in prices of petroleum products.”

The prime minister said that people were already facing high food inflation and needed some reprieve, especially because of heavy rains.

He further underlined that government would have to forego Rs 17 billion in taxes which would be given as subsidy to people to moderate their burden.