Pakistan’s Oil and Gas Regulator (OGRA) has recommended cutting the prices of petrol by Rs1.15 per litre along with diesel price by Rs2 per litre for the first 15 days of October 2020. The authority has, however, recommended that the price of light diesel oil (LDO) and Kerosene oil should remain the same according to the details.
As per the report, the current price of petrol remains at Rs103.97 per litre, diesel Rs106.46, Kerosene oil 65.29, and LDO Rs62.86 per litre.
If the government approves the recommendation of the regulator, the price of petrol will come down to Rs102.82 per litre and diesel to Rs104.46 per litre from October 1 to 15. It was reported earlier that Petrol prices in Pakistan from now on would be changed every 15 days.
It is worth mentioning that the government is charging 17% general sales tax (GST) on all petroleum products. Apart from it, the government is also collecting petroleum levy (PL) on these products, which is directly taken from consumers. OGRA has moved the notification/summary to the Ministry of Energy (Petroleum Division) and it will then be forwarded this document to the Ministry of Finance for final approval. The Federal government will take the final decision on Wednesday to decide the future petrol prices in Pakistan after the finance division discuss the prices with PM Khan.