Monday, January 17, 2022
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OGRA suggests reduction in PoL prices

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The Oil and Fuel Regulatory Authority (OGRA) has proposed a discount as much as Rs8 to 10 per litre in costs of petroleum merchandise for the subsequent 15 days.

In accordance with particulars, the Oil and Fuel Regulatory Authority (OGRA) has ready a abstract of the costs of petroleum merchandise. Sources stated that the regulatory physique has ready three proposals concerning the discount in PoL prices.

The abstract additionally urged a discount within the costs of petroleum merchandise by Rs 8 to 10 per litre.

In accordance with OGRA sources, in case of a rise in levy tax, the costs might be lowered as much as Rs4 per litre whereas in case of doubling of tax, costs will stay unchanged.

Sources stated that the costs of petroleum merchandise on the planet market stood at $74  per barrel, the costs have come down by 10% as in comparison with final month.

The sources added that the federal government has purchased oil between $68 to 74 per barrel within the final 13 days from the worldwide market and the aid is on the playing cards.

The brand new costs for the subsequent 15 days can be introduced right now with the approval of Prime Minister Imran Khan.

It’s pertinent to say right here that Prime Minister Imran Khan on December 1 had rejected the OGRA abstract and maintained the petrol costs for the subsequent 15 days





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