May 30, 2019 (MLN): The Oil & Gas Regulatory Authority (OGRA) has sent a summary on proposed prices of petroleum products for June 2019, to the Ministry of Petroleum for approval.
As per this summary, the petroleum products are likely to see a Rs.9 rise per liter.
Other than that, OGRA has reportedly proposed a rise of Rs.8.99 per liter of High-Speed Diesel (HSD), Rs.8.53 per liter of petrol, Rs.1.69 per liter of kerosene and Rs.1.68 per liter of Low Diesel Oil (LDO).
Approval by the Ministry of Finance the on the aforementioned proposals will bring these products’ final prices to Rs.131.31 per liter of HSD, Rs.116.95 per liter of petrol, Rs.98.46 per liter of kerosene and Rs.88.62 per liter of LDO.
The finance ministry will decide upon these proposals after discussing with Prime Minister Imran Khan, and the approved prices will come into effect from June 1, 2019.
Previously, OGRA had proposed a rise in petroleum prices for the month of May 2019 but the Prime Minister redirected the decision towrds the Economic Coordination Committee (ECC) which eventually decidedto partially abide by OGRA's proposal.
