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OGRA recommends Rs11.95 increase in petrol price
An employee serves oil at a petrol station still opened during a strikeon December 11, 2012 in Rome. The strike of petrol stations in Italy started the day before at 7 PM and will last until December 14 at 7 PM. AFP PHOTO / ANDREAS SOLARO / AFP PHOTO / ANDREAS SOLARO

OGRA recommends Rs11.95 increase in petrol price

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in the price of petroleum products by up to Rs11.95 per liter from January 15.

In a summary, OGRA has proposed hike in the price of petrol by Rs11.95 per liter and high-speed diesel by Rs9.57 per liter

A summary has been sent to the federal government. The new prices will be announced after Prime Minister Imran Khan approves them. The new prices will be fixed for 15 days.

Two weeks ago the government increased the prices of petroleum products by up to nearly Rs2.31 to share the impact of rising international prices with the consumers.

Prime Minister Imran Khan while rejecting the summary forwarded by the Oil and Gas Regulatory Authority (OGRA) seeking a surge of Rs10.68 per liter in petrol price raised the price of petrol to Rs106 per liter.