Tag Archives: petroleum products

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

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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