ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has proposed a Rs11.50 increase in the price of gasoline for the next two weeks, according to media reports.

According to the article, the regulatory authority sent a summary to the Petroleum Division (PD) recommending a Rs2.40 rise in the price of high-speed diesel.

It also wants a Rs1.40 rise in the price of light diesel oil and a Rs1.5 increase in the price of kerosene oil.
The finance ministry would release a notification after consulting with Prime Minister Imran Khan on the final decision on the summary. The new rates will take effect on July 16th.

Last month, the prime minister rejected a report that suggested a Rs6.05 rise and instead authorised a Rs2 per litre increase.

Shahbaz Gill, Pakistan’s Special Assistant to the Prime Minister on Political Communication, said the OGRA’s suggested hike was in line with a rise in worldwide gasoline costs.