Tag Archives: OGRA

OGRA Suggests Increase in Petrol Price

OGRA Suggests Increase in Petrol Price


Sumera Saeed | November 29, 2017 | category: News

OGRA Suggests Increase in Petrol Price. The Oil and Gas Regulatory Authority (OGRA) has suggested increase in petrol price and the price of other petroleum products.

OGRA has recommended the federal government to increase petrol price and other petroleum products, according to sources.

The summery by OGRA has suggested Rs.1.48 increase in petrol price, while kerosene oil has a suggested increase of Rs.15.35, high-speed diesel of Rs.1 and Rs.13.15 increase for light-speed diesel.

The price surge of petroleum products has been suggested after sharp increase in crude oil price, according to an analyst.

Crude oil price has surged piercingly over the market assumption that the OPEC members meeting schedule for 30th November to meet in Vienna is possibly cut the daily oil supplies.

If the federal government approves the OGRA summery on the increase of petrol price and other petroleum products then the new prices will be applicable from 1st December 2017.

For further updates stay tuned with daytimes.pk

Petroleum-Prices

OGRA Likely to Decrease Petroleum Prices


Sumera Saeed | May 29, 2017 | category: News

The Oil & Gas Regulatory Authority (OGRA) has a plan to decrease the petroleum prices. In this regard they has outlined a summary and sent the recommendation to Petroleum Ministry.

The outlined summery by regulatory authority has suggested that the petrol price should be decreased by Rs 2.10 per liter, Rs 1.80 per liter reduction in high speed diesel, Rs 1.50 per liter in light speed diesel while the price of Kerosene oil is also likely to drop by Rs 3 per liter.

According to sources the new petroleum prices will be applied from 1st June 2017, after the approval of Ministry of Finance.

OGRA Wants increase in Petroleum Prices Up to Rs13 Per Litre From April 1

OGRA Wants increase in Petroleum Prices Up to Rs13 Per Litre From April 1


Sumera Saeed | March 30, 2017 | category: News

OGRA Wants increase in Petroleum Prices Up to Rs13 Per Litre From April 1

The Oil and Gas Regulatory Authority (Ogra) has Proposed to increase the price of Fuel in the country from 1st April, 2017.  In this regard Ogra has projected to Federal Government today on Thursday to increase the petroleum prices up to Rs13 per litre following fluctuations in global crude prices. Ogra has sent a summery to the Ministry of Petroleum and Natural Resources for increase the Petroleum product prices.

The final decision will be approved on Friday on the increase of Petroleum Prices.

New Prices of Petroleum Products:

Ogra had proposed an increase of Rs.2.28 per litre for petrol, Rs.2.04 for high-speed diesel (HSD), Rs.13 for kerosene oil and Rs.7.75 for light diesel oil (LDO).

After the increase the price of petrol will be of Rs75.28 per litre which is presently at Rs.73 while the price of high speed diesel will go up to Rs.84.04 per litre from the current Rs.82.

On the other hand the kerosene oil will be available at  Rs.57 per litre from the current of Rs.44 and the price of LDO will increase from Rs.44 to Rs.51.75 per litre.

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Now More General Sales Tax on Kerosene & Light Diesel Oil

Now More General Sales Tax on Kerosene & Light Diesel Oil


Sumera Saeed | January 2, 2017 | category: Autos and Vehicles

Now More General Sales Tax on Kerosene & Light Diesel Oil

Government has decided to remove the General Sales Tax (GST) on Kerosene & Light Diesel Oil. In an announcement government said that the GST that applies on all the petroleum based fuel sold in Pakistan will see a revision or complete removal. Government will only remove the GST on Kerosene oil and Light Diesel Oil (LDO) while the 14.5% GST on petrol has been left unchanged.

Government was collecting a 2% and 2.5% tax on kerosene and light diesel oil respectively, which is to waive off.  On the other hand the General Sales Tax on the other petroleum products will remain the same.

Petroleum Prices to Remain Same for January 2017

It is important to mention here that the government was earlier to increase the petroleum products prices up to Rs.7 on the proposal of Oil and Gas Regulatory Authority (OGRA), but later rejected the Ogra summery to remain the prices same for month of January.

Ogra Decides To Increase Petroleum Prices in January 2017

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Petroleum Prices to Remain Same for January 2017

Petroleum Prices to Remain Same for January 2017


Sumera Saeed | December 31, 2016 | category: Autos and Vehicles

Petroleum Prices to Remain Same for January 2017
Yesterday we reported that Ogra decided to increase the petroleum price by Rs.6.93 a litre for January 2017. But today it has been reported by the TV channels that government has rejected the proposal of Orga for the increase in the petrol price and said that the prices will remain the same for the month of January 2017.

Ogra Decides To Increase Petroleum Prices in January 2017

Ogra Proposed To Increase Petroleum Prices as mentioned below:

Ogra has proposed to increase Rs6.93 a litre in kerosene prices, which now stand at Rs50.18 a litre for January 2017.

On the other hand the price of high-speed diesel (HSD) has been raised by Rs3.94, to Rs79.16 a litre.

HSD is the top vending petroleum fuel in the country, as it is used by the large generators and heavy vehicle engines.

On the other hand the price of light diesel oil (LDO) has been increased by Rs3.48, to Rs46.82 a litre. LDO is consumed by the small engines and mills mostly operated in rural areas.

Though, a minimal surge of 31 paise has been intended by Ogra in petrol prices which have been raised to Rs66.58 a litre.

The three main aviation fuels including JP-1, JP-4 and JP-8 got the increase in price ranging between Rs4 and Rs6.

 

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Ogra Decides To Increase Petroleum Prices in January 2017

Ogra Decides To Increase Petroleum Prices in January 2017


Sumera Saeed | December 30, 2016 | category: Autos and Vehicles

Ogra Decides To Increase Petroleum Prices in January 2017

The Oil and Gas Regulatory Authority (Ogra) has decided to raise the petroleum prices in the country by January. Ogra said that the increase in petrol price is due to an uptrend on the global market.

In this regard Ogra has forward the summery to the Ministry of Petroleum, in which they showed that prices of kerosene and diesel were increased the most.

Ogra has made the calculation for the next month on the regular prices of petroleum products and the crude oil during the departing month. According to an official of Ministry of Petroleum, there is a traditional rise in prices of kerosene and the diesel fuels throughout November and December due to increase demands from most countries.

Ogra Proposed To Increase Petroleum Prices as mentioned below:

Ogra has proposed to increase Rs6.93 a litre in kerosene prices, which now stand at Rs50.18 a litre for January 2017.

On the other hand the price of high-speed diesel (HSD) has been raised by Rs3.94, to Rs79.16 a litre.

HSD is the top vending petroleum fuel in the country, as it is used by the large generators and heavy vehicle engines.

On the other hand the price of light diesel oil (LDO) has been increased by Rs3.48, to Rs46.82 a litre. LDO is consumed by the small engines and mills mostly operated in rural areas.

Though, a minimal surge of 31 paise has been intended by Ogra in petrol prices which have been raised to Rs66.58 a litre.

The three main aviation fuels including JP-1, JP-4 and JP-8 got the increase in price ranging between Rs4 and Rs6.

Though, a petroleum ministry official continued that the latest surge in global oil prices was generally due to a contract got by Organisation of Petroleum Exporting Countries (Opec) and some non-Opec members to decrease their production. However the contract is possible to begin from 1st January, 2017, as its impact is already visible.

The price of Opec basket of fourteen crude oils design to around $52 a barrel in December compared to around $43 a month earlier.

Simultaneously, the regular price of US benchmark West Texas Intermediate crude oil was $54 while the Brent crude was $56 a barrel in December.

In the same way, rates of oil fuel also increased in December. Officials guess that petroleum prices would remain to increase in January under the influence of global contract to cut oil production.

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Petroleum Prices to Remain Unchanged in November

Petroleum Prices to Remain Unchanged in November


Sumera Saeed | November 1, 2016 | category: News

Petroleum Prices to Remain Unchanged in November

We earlier reported you that the Government had allowed the import of the high Research Octane Number (Ron) 92. Pakistan State Oil (PSO) to import the Research Octane Number Ron 92 petrol in Pakistan in November 2016. The high quality fuel Ron 92 will be available for use in Pakistan in month of November and the government has decided to remain the petroleum price unchanged.

Prime Minister Nawaz Sharif has rejected the summary of the Oil and Gas Regulatory Authority (OGRA), which suggested raising the oil prices up to 15 % for November. OGRA proposed the petroleum price increase summery over the uptick of petroleum prices in International market.

PM said that the petroleum prices will remain unchanged in November and the government would bear the financial burden of four billion rupees.