ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has proposed a federal government make a massive trip in fuel prices, up up to 83.5 rubles per liter on gasoline and 119 rubles. on diesel, according to ARY News. on Thursday.
OGRA sent a summary to the Petroleum Department for make a massive trip in fuel prices in Pakistan from 16 April.
Sources told ARY News that the alleged increase was made on the basis of 70 percent of VAT and 30 rupees per litre. For petrol and diesel, the prevailing charge is Rs 30 per liter and 17 percent. of VAT.
The authorities have proposed an increase of 83.5 rupees per litre. on petrol on the basis of full fees and taxes, while it was recommended to raise up 119 rubles per liter. on diesel.
It became known that OGRA proposed to increase gasoline price up up to 21.53 rubles per liter in conformity with prevailing tax rate Rs.51.3 on diesel, while an increase of Rs 77.56 was proposed. on kerosene oil on the basis of full tax and fee.
For other petroleum products, an increase of Rs 77.31 was proposed. for light diesel, 36.5 rupees on kerosene oil and 38.89 rupees on light diesel on full tax rate and charge.
Sources said that final decision on The OGRA summary will be adopted by the Ministry of Finance after consultation with Prime Minister Shehbaz Sharif.
Hammad Azar, former energy minister and current The contact person for economy of Pakistan Tehreek-e-Insaf (PTI) said in tweet: “With common taxes rate increase OGRA asked for 21 rubles per liter in Gasoline and 51 rubles per liter. in Diesel. This is a difference that the PTI government has effectively subsidized to make life easier for the people.”
“OGRA always portrays two options in his proposal; one with full taxes and one with common. The media chose a figure with full tax scenario,” Azhar said.
With common taxes rate increase OGRA asked for 21 rubles per liter in Gasoline and 51 rubles per liter. in Diesel. This is the difference that the PTI government has effectively subsidized to ease the masses. 1/2
— Hammad Azhar (@Hammad_Azhar) April 14, 2022
“We hope that complete price differential mechanism built on us will not help the masses disturbed by the import government added.
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