Thursday, August 18, 2022

Petrol price likely to rise further

Ogra’s summary of petroleum product prices will be sent to the finance ministry tomorrow. The price of petrol is likely to increase by Rs.15.

OGRA’s work on pricing of petroleum products is in final stages. According to the working, the price of petroleum is likely to increase by Rs.15 and diesel by Rs.18 per liter.

Ogra has prepared two proposals related to petroleum products. The prices can be maintained by reducing the levy tax on petroleum products or the prices can be increased by increasing the levy tax up to Rs 10 per litre.

OGRA will send the summary of prices of petroleum products to the finance ministry tomorrow. The Ministry of Finance will consider the proposals related to the prices of petroleum products. After consultation with the Prime Minister, the new prices are expected to be announced on July 31.

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