Prime Minister Rejects OGRA Recommendation for Increase Petrol Prices

A press statement issued by the Finance Ministry said that in order to relieve the common man, the Prime Minister decided that the prices of petroleum products should be maintained, as they were on 1 May 2021, and a week earlier.

The prices will be as follows starting on 18 May:

  • Ms petrol – Rs 108.56/liter
  • High-Speed Diesel – Rs. 110.76/liter
  • Superior Kerosene Oil – Rs. 80.00/liter
  • Light Diesel Oil – Rs. 77.65/liter

In order to keep prices at the same level, the Government must adjust the oil levy and sales tax on SKO and LDO. The statement added that the Government will lose Rs 2.77 billion for keeping prices the same.

The Oil and Regulatory Authority had proposed an increase of Rs. 1.9 per litter of petrol and by Rs. 3.25 per litter of high-speed diesel. However, the review sent by OGRA was rejected by Prime Minister Imran Khan.