Preparations completed to drop ” petrol bombs” on troubled people. OGRA has proposed to increase the prices of petroleum products from September 1.
According to sources, it has been proposed to increase the price of petrol by Rs 7 and diesel by Rs 8 per liter. OGRA has also proposed increase in prices of kerosene and light diesel oil. OGRA sent a summary to the Petroleum Division on which the final decision will be taken by the Finance Ministry in consultation with the Prime Minister.
At present, the levy on petrol is Rs 26.70 paise while the levy on diesel is Rs 25.73 paise. It has been proposed to increase the levy on both.
It may be recalled that petrol is currently being sold at Rs 103 per liter. With the increase, its price will go up to Rs 111 per liter, while the price of diesel will go up to Rs 114 per liter. Similarly, kerosene and high-octane prices will go up. Likely to happen.
It may be mentioned that Oil and Gas Development Company Limited (OGDCL) has discovered new oil and gas reserves from Kohat. According to the announcement of OGDCL, the initial oil and gas reserves were initially Rs 1.6 million per day. A cubic foot of gas and 12 barrels of crude oil will be available. The statement said that up to 5,500 meters of wells were dug from the well-discovered Syab Well No. 1 in Kohat to search for oil and gas.
Extracted from City42 News