The Oil and Gas Regulatory Authority (OGRA) has recommended a rise in the price of petrol by Rs. 7 per liter and High-Speed Diesel by Rs. 8 per liter for the month of September.
According to the news source, the petroleum price adjustment summary has been forwarded to the Petroleum Division, and the final decision will be taken by the Ministry of Finance in consultation with the Prime Minister.
The new petroleum product prices will be implemented from the 1st of September, 2020.
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According to sources, OGRA has suggested the increase in determining the petroleum levy at Rs30 per liter which is currently less than Rs26 on both petrol and diesel. it has also suggested increasing prices of Kerosene Oil and Light Diesel.