OGRA recommends increase in petrol prices for September 2020

ISLAMABAD: An increase in the petrol prices in Pakistan for September 2020 has been recommended by The Oil and Gas Regulatory Authority (OGRA) in two separate proposals.

UPDATE: Petrol prices in Pakistan to remain unchanged for September 2020.

First proposal for hike in petrol prices

In its first proposal, the Oil and Gas Regulatory Authority (OGRA) has recommended hike of Rs. 3.5 per litre in petrol price while an increase of Rs. 3.75 per litre has been proposed for high speed diesel (HSD).

If this proposal is accepted, the new petrol price will be Rs. 107.47 per litre from current rate of Rs. 103.97 per litre while high speed diesel price will reach Rs. 110.21 per litre from the current Rs. 106.46 per litre.

Second proposal for hike in petrol prices

For the second proposal regarding petrol prices in Pakistan, OGRA has recommended an increase of Rs. 8 per litre for petrol price and Rs. 9 per litre hike has been proposed for high speed diesel while keeping the petroleum levy at Rs. 30 for both.

The second proposal will bring the petrol price to Rs. 111.97 per litre from the current Rs. 103.97 whereas the price for high speed diesel (HSD) will increase from Rs. 106.46 per litre to Rs. 115.46 per litre.

Furthermore, an increase in prices of Kerosene Oil and Light Speed Diesel (LSD) have also been recommended. OGRA will move the summary to the Ministry of Energy and Petroleum Division and it will then be forwarded to the Finance Ministry for Approval.

If the Government approves the new petrol prices in Pakistan, these will come into effect from 1st September 2020 for the period of 15 days.

WEATHER UPDATE: Karachi rain to continue till Monday.

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