PM rejects OGRA summary, decides to maintain POL prices till May 31

MG News | May 18, 2021 at 09:19 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 18, 2021: Minister of State for Information and Broadcasting Farrukh Habib Monday said Prime Minister Imran Khan had rejected the summary of Oil and Gas Regulatory Authority (OGRA) and decided to maintain the petroleum prices till May 31, giving substantial relief to the common man.

Imran Khan did not want to burden the people despite increase in prices of petroleum products at the international market, he tweeted.

He said non-increase in prices of petroleum products would cost the government Rs2.77billion.

The government not only adjusted the petroleum levy but also reduced the sales tax on light diesel and kerosene oil, said Farrukh.

He added that Prime Minister Imran Khan had not increased the prices of petroleum products even on April 30, which costed the government Rs4.8bn.

APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,153.17 162.52M	0.16% 268.58
ALLSHR	103,477.03 691.59M	0.17% 179.80
KSE30	50,901.99 58.56M	0.04% 18.99
KMI30	243,765.66 75.35M	0.26% 626.41
KMIALLSHR	67,087.03 368.61M	0.16% 107.81
BKTi	47,614.72 15.03M	-0.06% -27.39
OGTi	34,853.92 4.57M	-0.80% -282.58

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	85,165.00	85,515.00 80,410.00	3835.00 4.72%
BRENT CRUDE	101.12	104.90 100.20	-2.75 -2.65%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.10 4.92%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	1.45 1.06%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	93.28	97.22 92.70	-2.80 -2.91%
SUGAR #11 WORLD	18.39	18.48 18.15	0.15 0.82%