Despite lower price of crude oil in int’l market, govt hikes petrol price by Rs 25.58/litre

Prime Minister Imran Khan and OGRA did not approve the hike in petroleum products, source claims

ISLAMABAD: Despite lowest crude oil price in the international market, the government on Friday enhanced the price of petrol by Rs 25.58 per litre from June 27. International crude oil prices are $31-$35 per barrel.

There was a pressure on the federal government as most of the oil marketing companies have refused to sell petroleum products at low price.

The decision to increase the petroleum products has been taken without consent of cabinet and the Prime Minister Imran Khan, the source in the finance division claimed. Petroleum minister has taken this decision alone after getting pressure from oil marketing companies.

Source in Finance Division said that the price of petrol has been increased from existing Rs 74.52 to Rs 100.10 per litre without any approval from the Oil and Gas Regulatory Authority (OGRA) and the Prime Minister Imran Khan.

The price of diesel has gone up to Rs 101.46 from existing Rs 80.15 with an increase of Rs 21.31 per litre.

The price of kerosene oil has been hiked by Rs 23.50 per litre from current Rs 35.56 to Rs 59.06 per litre. The price of light diesel oil goes up by Rs 17.84 from Rs 38.14 to Rs 55.98 per litre.

After increase, the government will continue charging Rs 30 per litre petroleum levy on petrol and diesel, 6 per liter on kerosene oil and Rs 3 per litre Light Diesel Oil.

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