The Oil and Gas Regulatory Authority (Ogra) proposed an increase of about Rs7-9 per litre in Petrol and High Speed diesel for the month of August. It also includes Rs6 per litre increase in kerosene and light diesel oil (LDO) rates. However it is expected that the price of petrol and HSD will rise by Rs4-5 per litre. It will be done by lowering petroleum levy and allow allow about Rs6 per litre increase for kerosene and LDO.
Ogra, which was evaded a month ago in oil value modifications, has this time sent a working paper to the administration to increase oil costs dependent on existing duty rates and import expenses of the Pakistan State Oil (PSO).
The ministries of finance and petroleum had not had the option to arrive at accord on account of the contemplations for the restoration of the slowed down the International Monetary Fund program and political pressure just before Eid al Azha as a month ago’s 27-66 percent unexpected stun pulled in a ton of analysis.
Current Rates and Comparison In Petrol and Diesel Prices:
The ex-stop cost of petroleum is assessed at Rs107.11 rather than Rs100.10 per liter at present indicating an increase of Rs7 or 7pc. In view of existing assessment rates and the PSO’s import cost, the ex-refinery cost was worked out at about Rs52 per liter.
The ex-terminal cost of HSD is assessed at Rs111 per liter from its current pace of Rs101.46 per liter, up by Rs9.55 per liter or 9pc. The ex-refinery cost of diesel is presently evaluated at Rs51 per liter.
The ex-depot cost of Kerosene oil is evaluated at Rs65.32 rather than Rs59.06 per liter at present, an expansion of Rs6.26 per liter or 11pc.In the course of the last numerous months, the administration had been expanding petroleum levy rates instead of GST and about 57pc cent share is grabbed by the provinces.