The government has approved new rates for petroleum products prices to be applied for the first half of January 2021.
According to the press release, PM Imran Khan rejected the summary forwarded to him by the Oil and Gas Regulatory Authority (OGRA) which had recommended an increase in the price of petrol by Rs10.68 per litre.
The PM House said that the premier had rejected the suggestions and instead, approved an increase in the prices of petrol and diesel by Rs2.31 per litre and Rs1.80 per litre respectively.
Petrol will now be available for Rs106 per litre while diesel will be sold for Rs110.24 per litre.
OGRA had also recommended an increase in the price of diesel by Rs8.37 per litre.
The new price of kerosene oil is Rs73.65 per litre and light diesel oil will be available for Rs71.81. The new prices are applicable from midnight tonight till January 15.
OGRA had recommended an increase in prices of kerosene oil by Rs10.92 per litre and light diesel by Rs14.87. However, the premier approved a hike in the price of kerosene oil by Rs3.36 and agreed to an increase in the price of light diesel by Rs3.95.