PM Shehbaz rejects OGRA’s proposal, petrol price to remain unchanged till April 30

Pakistan’s new Prime Minister (PM) Shehbaz Sharif on Friday dismissed the proposal from the Oil and Gas Regulatory Authority (OGRA) to raise the price of petroleum products for the fortnight. The recent decision is aimed at providing relief to the public affected by inflation.

It is worth noting that the present government’s choice to maintain the same prices will oblige it to provide another substantial subsidy till the end of April 2022.

اوگرا کی سمری مسترد، وزیر اعظم کا پیٹرولیم مصنوعات کی قیمتوں میں اضافہ نہ کرنے کا فیصلہ

— PMLN Economy (@PMLNEconomy) April 15, 2022

Earlier, OGRA suggested to the Finance Division that the price of petrol be increased by Rs21.50 and that of diesel be hiked by Rs51.30 in view of the current petroleum levy and general sales tax (GST).

Read more: Massive hike of Rs83.5 for petrol, Rs119 for diesel proposed by OGRA

The authority also proposed a hike of Rs83.50 per liter of petrol and Rs119.88 per liter of diesel considering the federal government’s recommended petroleum levy of Rs30 and 17 per cent GST, as per the official statement.